GlobalData: China to lead Asia’s refinery vacuum distillation unit capacity addition
Published by Pippa Luck,
Editorial Assistant
Hydrocarbon Engineering,
According to GlobalData, China is expected to lead Asia’s refinery vacuum distillation unit (VDU) capacity additions by contributing about 36% of the regions’ total VDU capacity additions between 2021 and 2025.
The company’s report, ‘Global Refinery Vacuum Distillation Units (VDU) Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Vacuum Distillation Units’, reveals that China is expected to develop new-build refineries with a total VDU capacity of 298 000 bpd by 2025.
Teja Pappoppula, Oil and Gas Analyst at GlobalData, commented: “In China, two new-build VDU refineries are likely to start operations by 2025, of which Gulei is a planned one with identified development plans and the remaining Panjin II is an announced refinery. Gulei and Panjin II are expected to start operations in 2022 and 2024 with VDU capacities of 154 000 bpd and 144 000 bpd respectively.”
GlobalData expects India to be the second-highest contributor to the Asia’s refinery VDU capacity additions by 2025 with a total refining capacity of 216 000 bpd by 2025. The Barmer refinery account for the entire new-build capacity additions in India, with a capacity of 96 000 bpd. Mumbai I refinery is the only expansion project in India with a capacity of 120 000 bpd.
Indonesia is expected to add third largest refinery VDU capacity additions in Asia with 192 000 bpd of capacity expected to be added by two announced refineries by 2025. The Tuban II refinery accounts for most of the capacity additions in the country with 144 000 bpd of capacity expected to be added in 2025.
Read the article online at: https://www.hydrocarbonengineering.com/refining/02072021/globaldata-china-to-lead-asias-refinery-vacuum-distillation-unit-capacity-addition/
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