According to GlobalData, China is expected to register the highest refinery hydrotreater capacity additions in Asia between 2021 and 2025, contributing about 50% of the total capacity additions by 2025.
GlobalData’s report, ‘Global Refinery Hydrotreater Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Hydrotreater Units’, reveals that China is likely to witness a total hydrotreater unit capacity additions of 1 816 000 bpd by 2025. Of this, 1 244 000 bpd of capacity would be from the new-build refineries while the rest of the capacity is from the expansion of the existing refineries.
Teja Pappoppula, Oil and Gas Analyst at GlobalData, commented: “The Luoyang refinery is one of the largest upcoming expansion project in China with 152 000 bpd of capacity expected to be added in 2021. Among the new-build refinery projects, the planned Yulong refinery in China is likely to add a hydrotreater capacity of 383 000 bpd in 2023. Shandong Yulong Petrochemical Ltd will be the operator of this cracking-type refinery.”
The planned Gulei refinery in the country is the second highest contributor with 202 mbd of capacity expected to become operational in 2022. It is located in Fujian constituency and is to be operated by Fujian Gulei Petrochemical Co Ltd.
The third highest contributor in the country is the planned Jieyang refinery which is likely to add a capacity of 182 000 bpd in 2022. Petrochina Pdvsa Guandong Petrochemical Co. Ltd is expected to operate this coking-type refinery.
Read the article online at: https://www.hydrocarbonengineering.com/refining/17082021/globaldata-china-to-spearhead-asia-refinery-hydrotreater-capacity-additions-by-2025/
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