EIA: US refinery capacity increased 2% in 2023

Every year, refiners in the US report their capacity as of 1 January, which the US EIA publish in its Refinery Capacity Report.

The 2% increase marks the second consecutive year of US refinery capacity growth, but the 18.4 million bpd capacity as of the beginning of 2024 remained slightly less than the record on 1 January 2020, of 19.0 million bpd.

Much of the increase in US refining capacity in 2023 was due to a 240 000 bpd expansion project at ExxonMobil’s Beaumont refinery in Texas, which brought the refinery’s capacity to 609 000 bpd.

Idle US refinery capacity was at an all-time low at the beginning of the year, and no facilities were reported completely idle for the second time since 2018. Some capacity at otherwise operable refineries was reported idle at the beginning of both 2018 and 2024.

Read the article online at: https://www.hydrocarbonengineering.com/refining/18062024/eia-us-refinery-capacity-increased-2-in-2023/