GlobalData: China to dominate Asian refinery fluid catalytic cracking units capacity growth by 2024

GlobalData’s report,‘ Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Fluid Catalytic Cracking Units’, reveals that Asia’s FCCU capacity is expected to increase by 542 thousand bpd from 8385 thousand bpd in 2020 to about 8927 thousand bpd in 2024. Out of the Asia’s total capacity additions, 151.2 thousand bpd is likely to come from the expansion of active projects while the remaining 391 thousand bpd is expected to come from new-build planned projects.

Haseeb Ahmed, Oil and Gas Analyst at GlobalData, commented: “Out of the China’s total FCCU capacity additions of 481 thousand bpd by 2024, 151.2 thousand bpd is likely to come from active expansion projects, whereas the rest of the 329.3 thousand bpd is expected to be contributed by new-build projects by 2024. Among the refineries in China, Yulong, Panjin II and Dayushan Island are the major refineries with FCCU, accounting for most of the capacity additions in the country with a combined total of 369 thousand bpd by 2024.”

GlobalData expects India, Cambodia, Pakistan and Malaysia to account for the remaining 61 thousand bpd of FCCU capacity additions in Asia by 2024. These countries together are expected to contribute about 11% of Asia’s FCCU capacity growth, with FCCU of the Kampong Som refinery (Cambodia) accounting for most of the capacity additions with 20 thousand bpd, followed by Bongaigaon and Khyber-Pakhtunkhwa I with 15 thousand bpd each.

Read the article online at: https://www.hydrocarbonengineering.com/refining/11082020/globaldata-china-to-dominate-asian-refinery-fluid-catalytic-cracking-units-capacity-growth-by-2024/