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The refining industry operates in a global market. Thanks to the easy and relatively cheap transport of refined products, European refineries compete with each other and with their counterparts in Asia, the U.S., the Middle East and elsewhere.

European refineries are often constrained in their ability to be globally competitive due to high labor and energy costs in the EU combined with stringent environmental regulations.

To maintain and improve the competitiveness of EU refineries, policymakers should avoid adding to operating costs with regulations that have unintended consequences on the sector.

Challenges facing European refining today

Due to excess global capacity, shifting fuel demand patterns, high costs and a regulatory burden comprising numerous laws at a local, national, and EU level, the European refining industry today is not globally competitive.

European policy action for fair competition

As a key contributor to the EU’s economy, the refining industry in Europe should be enabled to compete on a level playing field with other global actors. Thus, policy action taken by the EU should set targets whilst avoiding distorting the market and allow the market to determine the best way to reach them, create conditions for a competitive...

European refining matters

Today, refineries are a vital part of Europe’s industrial base. By providing jobs, revenue, petroleum products, chemical raw materials, security and innovation, Europe’s refineries are a key component of a competitive future for Europe.

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