Wire · operational-macro
Wood Mackenzie: 20% of Global Refining Capacity Faces Rising Closure Risk
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Fusion42 · 8 November 2026 · Fusion42 review
Wood Mackenzie reports that 20% of global oil refining capacity faces rising risk of closure as demand for transportation fuels peaks in the early 2030s and declines. Refiners must adapt through petrochemical integration, advanced processing, or diversification into lower-carbon fuels and adjacent energy businesses to survive amid energy transition and geopolitical pressures.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
You face growing pressure as one in five refineries may close due to falling fuel demand and tougher economics. Start pivoting your strategy to chemicals, speciality products, or lower-carbon fuels to stay relevant and attract investment.
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1 source · 8 Nov 2026
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