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This book selects and translates important papers released at the 2012 American Fuel and Petrochemical Producers (AFPM) annual meeting, comprehensively reflecting the latest progress and development trends of important technologies in various fields of the world's refining industry from 2011 to 2012. It profoundly explains the latest trends, hot spots and focus issues in the world's refining industry under the weak economic recovery and high oil prices, and puts forward strategic countermeasures and suggestions for the further development of my country's refining technology. This book can be used as a reference for scientific researchers, corporate technicians, managers in the domestic petroleum refining industry, as well as teachers and students in related majors in petroleum colleges and universities.