Wood Mackenzie

After the European Refining Technology Conference (ERTC), we caught up with one of our sponsors, Wood Mackenzie, to give you more insight into their company and their involvement in ERTC 2024.

What were the top 3 key takeaways or insights that stood out to you during the event?

1. 1. European refiners need to be the first to adapt to the energy transition.
   2. Adaption is high-risk, with partnerships and a holistic perspective along the value chain essential risk mitigation techniques.
   3. Investments benefit from clear and stable policy frameworks.

How was the event relevant to you company's role in the industry?

Wood Mackenzie is the leading global provider of data and analytics solutions for renewables, energy and natural resources. We provide reliable data and actionable insight to bring clarity to the energy transition. As a trusted partner for over 50 years, Wood Mackenzie’s insights enable clients to identify opportunities and manage risk in the face of rapidly evolving markets. Examples of such content can be accessed via this link, filtering for “Downstream oil refining“ and “Chemicals” content.

ERTC is highly relevant to Wood Mackenzie as it highlights the challenges facing the European refining industry, a key client segment for us. Understanding client key priorities and challenges shapes the development of our research and consulting offerings.

How did the conference highlight industry challenges or opportunities that affect your company directly?

ERTC highlighted the inter-connected nature of European refining sector, and the potential investments required for it to adapt to the energy transition. Wood Mackenzie’s research analysts and consultants focus on supporting our clients to make commercial decisions. ERTC helps us navigate the complex energy landscape to ensure the development of our offerings is aligned with supporting client investment decisions as they adapt to the energy transition.

How did your interactions at the event (networking, partnerships) help elevate your company's position in the industry?

The event facilitated extensive in-person client engagement, which is key to build and maintain relationships, ensuring we are identifying and working with our clients to resolve their key issues. ERTC also provided an excellent opportunity to share our expertise and showcase our insights to a wider audience.

Were there any emerging trends or innovations discussed that you see shaping the future of the industry?

Reducing the European refining industry’s carbon intensity (in operations and in its products) remains the critical trend, to be solved by partnerships that extend beyond traditional supply chains.

How do you see your company contributing to or leading in the industry based on the event's discussion?

Wood Mackenzie has two key differentiators, firstly, we have a uniquely detailed understanding of assets and their performance along the entire energy and metals value chains. Secondly, we ensure our cross-sector coverage is integrated, so incorporating the complexities and challenges across the energy and metals value chains in the assessment of market evolution and investment opportunities. A truly interconnected assessment of the global energy landscape is essential to identify investments that are robust in a highly uncertain world.