View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
October 25, 2021updated 24 Jan 2022 5:25am

Asia dominates upcoming refinery capacity additions globally by 2025

An estimated 220 upcoming refinery projects are in the construction stage globally, expected to start operations from 2021 to 2025.

By GlobalData Energy

GlobalData’s latest report, “Global Crude Oil Refinery Projects Outlook, 2021-2025” indicates that globally 416 upcoming crude oil refinery projects are expected to start operations from 2021 to 2025. Of these, 93 represent new build projects and 323 are expansions of existing projects.

Globally, about 220 upcoming refinery projects are in the construction stage and likely to start operations from 2021 to 2025. Feasibility and approval are the other major project stages with 87 and 83 projects respectively.

Globally, 12,750 mbd of refinery capacity is expected to come online from new build and expansion projects in six regions during the period 2021-2025. Asia dominates all regions with the highest capacity additions of 5,498mbd by 2025. The Middle East and Africa follow with capacities of 3,067mbd and 2,514mbd respectively.

Global Refinery Capacity Additions by Type and Regions, 2021-2025 (mbd)

China leads among the countries globally with the highest refinery capacity additions of 2,822mmbd by 2025. Nigeria and India follow with capacities of 1,606mbd and 1,540mbd, respectively.

The Lagos I project in Nigeria with a capacity of 650 thousand barrels per day (mbd) leads in terms of refinery capacity among upcoming refinery projects expected to start operations by 2025.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Offshore Technology