The global refining industry risks overcapacity in the next four years with the planned addition of 101 new refineries. Most capacity additions and capex spending on the planned refineries through 2019 is in Asia. About 7.6 mmbd of planned CDU capacity and US$146 billion in capex come from proposed projects in the region. Africa and the Middle East are the other two major regions in the world with high capex spending increasing refining capacities over the next four years.
On the other hand, the European refining industry is expected to be challenged by weak demand growth, tighter regulations and aging refineries leading to existing capacity operating below the normal utilization rates over the next few years.
GlobalData’s latest, H2 Global Capacity and Capital Expenditure Outlook for Refineries report provides an annual breakdown of capital expenditure spending on refineries for the period 2015 to 2019. It also includes refinery crude distillation unit capacity data by region for the period 2009 to 2019.
The also report includes:
- Global planned (new build) refinery capacity additions and capital expenditure spending by key countries and operators
- Capital expenditure spending on planned (new build) refineries by key countries and operators in a region
- Details of all planned (new build) refineries in the world up to 2019
Price: $1,500 (Single User License)
Published: Nov- 2015
Report Format: electronic pdf