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Environmental due diligence essential for refinery assets

from Petroleum Economist

Environmental due diligence essential for refinery assets Petroleum Economist In recent years, U.S. refineries have generally outperformed their upstream counterparts in terms of profits and revenue, benefiting from low crude costs and high crack spreads. However, the Covid-19 pandemic and the associated decline in global demand for petroleum products such as aviation fuel present unique challenges to refineries. In transactions involving petroleum refinery assets, thorough and careful due diligence is critical for identifying and quantifying environmental liabilities associated with the target asset. READ MORE

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