Will the 100+ planned new refineries in the next four years bring the risk of overcapacity to the global refining industry? Is this likely to result in reduction of capacities, delays and cancellations of some of the planned refineries? Most capacity additions and capex spending on the planned refineries through 2019 is in Asia, followed by Africa and the Middle East. The European refining industry, on the other hand, is expected to be challenged by weak demand growth, tighter regulations and aging refineries. How will these trends affect the other global players in the industry?
The H2 Global Capacity and Capital Expenditure Outlook for Refineries – Global Refining Landscape Shift Continues as Plans to Expand Capacity Persist Despite Overcapacity report provides annual breakdown of capital expenditure spending on refineries for 2015 to 2019.
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