Abstract
In response to global efforts to reduce carbon emissions, the oil refining sector, a major source of industrial emissions, has set ambitious decarbonization targets. This study analyzes trade-offs between minimizing CO2 emissions and costs through the use of Pareto optimal solutions. A superstructure optimization framework evaluates various technological pathways and timelines, employing a bi-criterion optimization approach using the ?-constraint method. Results show that cost-effective, higher-emission solutions often involve natural gas-based technologies with carbon capture, while expensive, low-emission solutions favor electric power-based technologies. The analysis incorporates detailed assumptions about grid carbon intensity of varying degrees and accounts for varying national policies. Comparative case studies across locations highlight how grid carbon profiles influence optimal strategies, providing insights to inform local policies and incentivize technologies.