Refining - 21 July 2022

In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million bpd in 2022, and by an additional 1.6 million bpd in 2023.

TotalEnergies has announced the start-up of a new ethane cracker in Port Arthur, Texas, US.

According to GlobalData, Africa and Asia are set to drive the global refinery vacuum distillation unit (VDU) capacity additions globally from 2022 to 2026, contributing approximately 61% of the total capacity additions.

Technip Energies has been awarded a contract by Neste for the expansion of its renewable products production capacity in Rotterdam, the Netherlands.