In its latest blog, the American Fuel & Petrochemical Manufacturers (AFPM) notes a new report from the US Energy Information Administration (EIA) which found that US refining capacity increased to more than 18.8 million bpd as of 1 January 2019, the highest capacity on record.
The blog post, written by Susan Grissom, the Chief Industry Analyst for AFPM, continues: “Compared with 2018, capacity increased by more than 200 000 bpd, an increase equivalent to the addition of one medium-sized refinery.
“More than half of the 2019 increase was in capacity along the US Gulf Coast, which is home to more than 50% of total US refining capacity, with the balance split between the Midwest and the West Coast.
“US refineries are most the most technologically advanced and efficient in the world, and the steady growth in US refining capacity has ensured the cost effective supply of refined products like gasoline, diesel fuel and jet fuel to US consumers — as well as consumers around the world. US refineries support close to 2.5 million jobs and contribute more than US$400 billion to the US economy.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/26062019/us-refining-hits-record-capacity/