GlobalData: Africa to drive global upcoming conventional refineries capacity additions by 2030

New build projects are expected to play an important role across Africa, as countries continue to develop new refining facilities to increase domestic processing capacity and reduce dependence on refined product imports. Expansion projects will also contribute to regional capacity growth by increasing processing capabilities at existing facilities by adding new refinery units.

Especially in countries such as Nigeria and Algeria, expansion projects will play a key role as refiners continue to increase processing capacity at existing facilities alongside the development of new refineries.

Nigeria is expected to remain the key contributor to Africa’s refinery development pipeline. The country has several major projects progressing across different stages, including the Lagos I CDU Expansion I, which is among the largest upcoming refinery projects in Africa in terms of refining capacity additions. The project is expected to significantly increase refining capacity and support Nigeria’s efforts to meet domestic fuel demand through expanded local processing.

Other African countries are also contributing to the regional refinery pipeline, with projects progressing in countries such as Algeria and Egypt. Algeria has the largest number of expansion projects in the region with Nigeria, playing an important role in increasing refining and other units capacities.

The project pipeline in Africa is also progressing across different development stages, with largest number of projects are already under construction stage while others mostly remain in feasibility and approval stages. This suggests that capacity additions in Africa are more likely to be realised through the end of the decade, supported by a combination of new facilities and upgrades to existing refining assets.

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Read the article online at: https://www.hydrocarbonengineering.com/refining/03092026/globaldata-africa-to-drive-global-upcoming-conventional-refineries-capacity-additions-by-2030/