China leads operational refining capacity in Asia and Oceania with more than 40% share

GlobalData Energy 15 October 2020 (Last Updated October 15th, 2020 09:49)

China leads operational refining capacity in Asia and Oceania with more than 40% share

GlobalData’s latest report, “Refining Industry Outlook in Asia and Oceania to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries” says that the refining capacity in Asia and Oceania is expected to increase from 36,956mbd in 2019 to 40,610.3mbd in 2024 at an AAGR of 1.9%.

China, India, South Korea, Japan, and Singapore are the major countries in Asia and Oceania accounting for over 82.4% of the total refining capacity of the region in 2019.

Crude distillation unit capacity in Asia and Oceania is expected to increase from 35,432mbd in 2019 to 39,027mbd in 2024 at an AAGR of 1.9%. China, India, Japan, South Korea, and Singapore are the major countries in the region accounting for over 83.0% of the region’s total crude distillation unit capacity in 2019.

Condensate splitter unit capacity in Asia and Oceania is expected to increase from 1,523.5mbd in 2019 to 1,583.5mbd in 2024 at an AAGR of 0.8%. South Korea, China, Thailand, Singapore, and Indonesia are the major countries in the region accounting for over 85.9% of the total condensate splitter unit capacity of the region in 2019.

Coking unit capacity in Asia and Oceania is expected to increase from 3,521mbd in 2019 to 3,961mbd in 2024 at an AAGR of 2.4%. China, India, Japan, South Korea, and the Philippines are the major countries in the region accounting for over 96.6% of the total coking capacity of the region in 2019.

Catalytic cracker unit capacity in Asia and Oceania is expected to increase from 8,271mbd in 2019 to 9,140mbd in 2024 at an AAGR of 2.0%. China, India, Japan, South Korea, and Taiwan are the major countries in the region accounting for over 88.3% of the total catalytic cracker unit capacity of the region in 2019.

Hydrocracking unit capacity in Asia and Oceania is expected to increase from 3,886mbd in 2019 to 5,271mbd in 2024 at an AAGR of 6.1%. China, India, South Korea, Japan, and Thailand are the major countries in the region accounting for over 89.1% of the total hydrocracking unit capacity of the region in 2019.