H1 2019 Global Capacity and Capital Expenditure Outlook for Refineries - China Leads Global Refinery Capex and Capacity Additions

H1 2019 Global Capacity and Capital Expenditure Outlook for Refineries - China Leads Global Refinery Capex and Capacity Additions

  • February 2019 •
  • 50 pages •
  • Report ID: 5759584 •
  • Format: PDF
H1 2019 Global Capacity and Capital Expenditure Outlook for Refineries - China Leads Global Refinery Capex and Capacity Additions

Summary
Global Refinery CDU capacity is expected to reach 121.3 mmbd by 2023, a total growth of 17.5% during the 2019-2023 outlook period. China is expected to lead the global refinery industry in terms of capex as well as crude distillation unit (CDU) capacity additions during the outlook period 2019-2023. Continual industrial growth and high demand from the transportation sector is primarily driving China’s CDU capacity growth. The CDU capacity additions will also enable the country to strengthen its petroleum products exports.

Among regions, Asia is expected to add the highest CDU capacity of 6,801 mbd in 2023. The region is also expected to spend US$216.7bn on new-build (planned and announced) refineries during the outlook period.

Africa is the second highest among the regions in terms of CDU capacity additions.Within the region, 12 countries are expected to add 4,074 mbd of CDU capacity in 2023.

Nigeria, Angola and South Africa are expected to be the major contributors with capacity additions of 2,030 mbd, 798 mbd and 400 mbd, respectively. The region plans to spend around US$121bn on the new-build refineries between 2019 and 2023.

The report, "H1 2019 Global Capacity and Capital Expenditure Outlook for Refineries - China Leads Global Refinery Capex and Capacity Additions", reveals that China is expected to add 3,121 thousand barrels per day (mbd) of CDU capacity, the highest among all the countries, through 10 new-build refineries. Nigeria follows next with 2,030 mbd of CDU capacity addition through 31 refineries by 2023.

Among the upcoming refineries, the Dayushan Island refinery in China, the Lagos I refinery in Nigeria, and the Al-Zour refinery in Kuwait are the top three upcoming refineries globally in terms of CDU capacity by 2023. The Dayushan Island refinery will have capacity of 800 mbd, followed by Lagos I with 650 mbd and Al-Zour with 615 mbd.

Scope
- Refinery crude distillation unit (CDU) capacity data by region for the period 2013 to 2023
- Annual breakdown of new-build capital expenditure on refineries for the period 2019 to 2023
- Global planned and announced (new build) CDU capacity additions by key countries and companies
- Capital expenditure spending on planned and announced (new build) refineries by key countries and companies in a region
- Key details of all planned and announced (new build) refineries globally up to 2023.

Reasons to buy
- Obtain the most up to date information available on refineries globally
- Identify growth segments and opportunities in the global refinery industry
- Facilitate decision making on the basis of strong historical, and outlook of planned CDU capacity data
- Develop business strategies with the help of specific insights about the planned refineries globally
- Keep abreast of key global planned refinery projects
- Assess your competitor’s planned refinery projects and CDU capacities.
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