August 2022

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Editorial Comment: Although more than 170 yr old, the modern refining industry continues to evolve

As detailed in Hydrocarbon Processing’s History of the HPI series, the modern oil refining industry traces its origin back nearly 170 yr. The industry has not only propelled much of the world to a higher standard of living, but has also created new products and technologies that have extended life expectancies, created modern societies and lifesaving equipment, and revolutionized the way people travel and communicate.

Nichols, Lee, Hydrocarbon Processing Staff

As detailed in Hydrocarbon Processing’s History of the HPI series, the modern oil refining industry traces its origin back nearly 170 yr. The industry has not only propelled much of the world to a higher standard of living, but has also created new products and technologies that have extended life expectancies, created modern societies and lifesaving equipment, and revolutionized the way people travel and communicate. Due to oil demand, global refining capacity has increased to more than 102 MMbpd. Over the past several decades, these capital-intensive facilities have invested hundreds of billions of dollars in new units and technologies to increase clean fuels production, mitigate emission

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