FuelsEurope & UKPIA – Brexit Position Paper Presenting the European refining industry’s position on critical Brexit areas
The refining industry is a key sector for the EU, supplying vital petroleum products used in road transport, aviation, marine and heating fuels, for power generation and feedstocks for the petrochemicals industry. Over 140,000 people are directly employed in EU refineries, with around 600,000 more involved in the distribution and sale of petroleum products and in support of the sector. There is significant intra and inter UK-EU trade in petroleum products and petrochemicals (raw substance to product) which cross the English Channel several times. Complex, highly integrated supply chains have been developed within the EU customs union -67% of petroleum product exports from the UK in 2016 were to the EU, with just under 50% of imports sourced from EU Member States.