Overall, refining capacity will be will be dominated by Asia, North America, and Europe by 2020, with totals of 42.5 mmbd, 23.2 mmbd, and 22.5 mmbd respectively. 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.
In Europe, growth will occur at a substantially slower rate. Although demand is decreasing and less competitive older refineries in Western Europe are being closed, these factors are being countered by investment in geographically advantaged and resource-rich Russia, which sees Europe’s CDU capacity increasing marginally from 21.7 mmbd in 2015 to 22.5 mmbd by 2020.
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.
The report will help:
• Refinery crude distillation unit capacity data by region for the period 2010 to 2020
• Annual breakdown of capital expenditure spending on refineries for the period 2016 to 2020
• 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 2020
Price: $1,500 (Single User License)
Report Format: electronic pdf