Refining

Refinery Refinery

Refineries have a high carbon risk due to direct (Scope 1) and indirect (Scope 2 & 3) greenhouse gas emissions. The ACRI model covers Scope 1 and 2 emissions and includes over 730 refineries with capacity of 65,000 barrels/year of coastal refining capacity and 30,000 barrels/year of inland refining capacity. These refineries are from across 20 different countries, the 5 US PADD regions and the rest of the world. We base the Advisian Carbon Risk Index on archetypal refineries − hydroskimming, cracking, coking and visbreaking− which represent most of the global refining base.

Scope 3 greenhouse gas emissions caused by combustion of refining products are the highest proportion of carbon emissions per megajoule from the refining industry. The ACRIS model does not consider these emissions however, as they are outside the control of the refinery.

ACRIS Refining Dashboard

The ACRIS Refining dashboard is an intuitive, web-enabled dashboard. Users can track changes in the ACRIS score by region and by archetype, and drill-down to see current and future events that impact the ACRIS score.

The ACRIS score is based on a multi-factor variable analysis that models risk in five vectors: climate, regulatory, technological, environmental, and political. These risk vectors are then analyzed through a lens of trade flows and carbon vulnerability.

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Dashboard
ACRIS Refining Dashboard

Refining Abatement Curves

A carbon abatement curve is a graphical representation showing a range of technical and non-technical measures which are available to reduce the amount of greenhouse gases produced at a facility. The chart ranks the options by level of carbon abated and cost per ton of CO2 equivalent abated.

The carbon abatement curves for refining provide the following information:

  • possible technology adaptation pathways to lower carbon emissions in a refinery
  • energy efficiency measures which can be adopted at the refinery, and
  • a range of offsets, including investing in renewable energy plants.

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Ammonia Abatement Curves waterfall
Refining Abatement Curves