Asia is expected to witness the highest refinery fluid catalytic cracking unit (FCCU) capacity additions globally during 2023 – 2027, contributing approximately 58% of the total capacity additions by 2027, says GlobalData.
GlobalData’s latest report, 'Refinery Fluid Catalytic Cracking Units (FCCU) Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries Including Details of All Active Plants, Planned and Announced Projects, 2023 – 2027', reveals that Asia is expected to witness a total FCCU capacity addition of 1 828 000 bpd by 2027. Of this, 1 421 000 bpd is likely to be from new-build refineries while the rest is from the expansion of existing refineries.
Himani Pant Pandey, Oil and Gas Analyst at GlobalData, comments: “In Asia, China is expected to add the highest capacity addition of 513 000 bpd from seven refineries during 2023 – 2027. India follows next with 388 mbd of capacity additions during the same period. Vadinar refinery, located in India, is the largest upcoming FCCU project in the region that is likely to add a capacity of 187 000 bpd in 2024.
The Nayara Energy Ltd, the operator of the Vadinar refinery, is expanding the FCC as part of the company’s plans to diversify its petrochemicals portfolio and meet the growing demand for polypropylene in India.”