Oil & Gas
ASIA is expected to drive new-build crude distillation unit, CDU, capacity growth in the global refinery industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 36% of global CDU capacity growth by 2023, according to GlobalData, a leading data and analytics company.
The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for Refineries – Nigeria Leads Global Refinery CDU Capacity Additions’, reveals that Asia is expected to have a new-build refinery CDU capacity of 5,571 thousand barrels per day, mbd, by 2023. The approved planned projects account for 62% of the new-build capacity or 3,431 mbd while the remaining 2,140 mbd is expected to come from early-stage announced projects.
Dipayan Chakraborty, Oil and Gas Analyst at GlobalData, says: “Asia is expected to add 43 new-build refineries during the outlook period 2019 to 2023. Among these, Pulau Muara Besar in Brunei is the largest new-build refinery, which is expected to start operations in 2019 with a CDU capacity of 175 mbd. The CDU capacity of the coking-type refinery is expected to reach 500 mbd by 2023.”
Following Asia, GlobalData identifies Africa as the second highest country in terms of global refinery CDU capacity growth adding a new-build CDU capacity of 3,857 mbd by 2023. The Lagos I refinery in Nigeria is the largest upcoming refinery in Africa with new-build CDU capacity of 650 mbd by 2023.
The Middle East stands third with new-build CDU capacity growth of 3,188 mbd by 2023. The Al-Zour refinery is the largest upcoming refinery in Kuwait with new-build CDU capacity of 615 mbd by 2023.
– Sept. 3, 2019 @ 18:19 GMT |
Tags: Asia leads global refinery crude distillation unit capacity additions with 36% – GlobalData
