The sustainability and competitiveness of oil refining in Europe
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1 2014 BP MADRID FORUM ON ENERGY & SUSTAINABILITY The sustainability and competitiveness of oil refining in Europe June 23 & 24 (internal sessions) & June 27 (open session) Madrid, Spain BP CHAIR ON ENERGY AND SUSTAINABILITY
2 INTERNAL SESSIONS 1 Venue: Hotel Husa Princesa c/ Princesa 40, Madrid The goal of the 2014 BP Forum on Energy and Sustainability is to analyze the sustainability of the oil refining industry in Europe. This industry is currently facing problems in Europe, due to the conjunction of several elements that are threatening its business model: market developments, industrial policies and also environmental and energy regulations are all compromising the competitiveness of refining in Europe. Market developments include the reduction in the demand for transport fuels in Europe induced in the short term by the economic crisis, and in the long term, by the progressive decarbonisation of the European (and potentially other developed) economies and an increasingly more specialized role of oil in the economy; also the growing competition from new oil refining developments in other continents. Industrial policies also affect the viability of oil refining in Europe. The large dieselization of the European car fleet introduce inefficiencies in European refineries, thus making them less competitive, and also requiring large investments to adapt the refining process to the larger demand of diesel. Finally, climate, energy and environmental policies in Europe may be also creating an uneven playing field with other oil refining industries worldwide. The European carbon trading system, environmental regulations affecting large industrial plants, or the increasing cost of energy in Europe resulting from different energy policies, are examples of such challenges. In this Forum, participants will discuss how these elements may affect the competitiveness, and ultimately, the long-term sustainability of the oil refining industry in Europe. Given the relevance of this industry in an European debate that is increasingly addressing economic competitiveness issues in energy and environmental policies, and also the role that domestic oil refining may play regarding energy security of supply, the objective of the meeting is to analyze the problems and preconditions that may allow a sustainable oil refining industry in Europe. 1 Attendance to the sessions of the Forum is by invitation only. On the morning of Friday June 27 th there will be an academic activity at on the same topic as the Forum and open to the public. The Forum participants that are still in Madrid are welcome to attend to this event, whose program is announced at the end of this prospectus. Program 2 of 5
3 Monday June 23 rd 13: Lunch 14:00 14:15. Welcome and presentation of participants 14:15 14:30. Introduction The issues to be addressed. Presentation of the agenda of the Forum. Ignacio Pérez-Arriaga, Director of BP Chair on Energy & Sustainability, Introduction to the Forum Jorge Lanza, President of BP Spain SESSION 1: Oil and future energy scenarios Chair: Richard Schmalensee, MIT Mariano Marzo, University of Barcelona Luis Aires, BP Coffee break SESSION 2: Current challenges of oil refining in Europe Chair: Alessandro Bartelloni, EUROPIA Jesús Barreiro Hurle, EC DG Enterprise and Industry Salvador Guillén, CLH Social event & Dinner Welcome address Jorge Lanza President, BP Spain The bus will leave from the hotel at Program 3 of 5
4 Tuesday June 24 th SESSION 3: Product-related constraints Chair: Jordi Dolader, AFConsult Carlos Martín, AOP Alessandro Bartelloni, EUROPIA Coffee-break 11:00 12:30. SESSION 4: Air quality regulations Chair: Álvaro Mazarrasa, AOP Felipe Fernández Lores, REPSOL Ángel Pérez, INERCO 12: Lunch 13:30 15:00. SESSION 5: The competitiveness of oil refining Chair: Eva López, REPSOL Pedro Linares, U. Pontificia Comillas Robert Marschinski, JRC 15:00 15:30. Coffee break 15:30 17:00. PANEL DISCUSSION: The future of oil refining in Europe Chair: Ignacio Pérez Arriaga, U. Pontificia Comillas Panelists Eduardo González, MAGRAMA Antón Riestra, Roland Berger Lourdes Rodríguez, REPSOL Program 4 of 5
5 2014 BP MADRID FORUM ON ENERGY & SUSTAINABILITY Perspectives on hydrocarbons and the sustainability of oil refining in Europe June 23 & 24 (internal sessions) & June 27 (open session) Madrid, Spain BP CHAIR ON ENERGY AND SUSTAINABILITY SESIÓN PÚBLICA Lugar: Universidad Pontificia Comillas Viernes 27 de Junio de : Bienvenida Mariano Ventosa Rodríguez Director, ETS Ingeniería ICAI, U. Pontificia Comillas Enrique González García Director de Comunicación y Asuntos Institucionales, BP Resumen de las sesiones internas del Foro Internacional 2014 de la Cátedra BP sobre Energía y Sostenibilidad Ignacio Pérez-Arriaga Director de la Cátedra BP de Energía y Sostenibilidad Universidad Pontificia Comillas Panel sobre El futuro del refino de petróleo en España Antón Riestra, Roland Berger Álvaro Mazarrasa, AOP Emilio Marín, BP Clausura Program 5 of 5
Current Challenges of oil refining in Europe Main changes in Spain s downstream. 2014 BP Madrid Forum on energy & sustainability
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