Global crude distillation unit (CDU) refining capacity is set to increase strongly from 96.2 million barrels per day (mmbd) in 2015 to 118.1 mmbd by 2020, registering total growth of 18.5%. This robust global growth will be led by China and Southeast Asia. A total of US$170 billion is expected to be spent in Asia to increase capacity by around 9 mmbd over the next four years. The global refining landscape continues its shift eastwards. 40% of global CDU capacity is projected to be in Asia by 2020, up from around 30% in 2010. China has led this growth, and is projected to have a 15% share of global CDU capacity by 2020. This activity is putting pressure on other regional refiners, especially now that China has become a net exporter, and will become a larger one.
GlobalData’s H1 2016 Global Capacity and Capital Expenditure Outlook for Refineries – Developing Countries Drive Growth in Global Refining Industry report provides analysis on global refinery crude distillation unit capacity by region for the period 2010 to 2020. It includes annual breakdown of capital expenditure spending on refineries from 2016 to 2020, and global planned refinery capacity additions and capital expenditure spending by key countries and operators.
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