Local refineries still in need of capital investment to meet clean fuels requirements

Industry organisation the South African Petroleum Industry Association (SAPIA) has reiterated the need for capital investment in local refineries to ensure they can meet the second clean fuels programme in 2027. During a July 8 media roundtable hosted by SAPIA, head of strategy Kevin Baart noted that the required capital investment could not be funded with the current price structure, which is why some refinery owners have chosen to shut down or pause operations.