Publisher'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.
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.
The report
will help: