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H1 2016 Global Capacity and Capital Expenditure Outlook for Refineries

The global refinery industry is expected to witness a substantial growth rate of around 18.5% during the period 2016 to 2020 when compared to 6.6% during 2012 to 2016.<br>For more information: http://bit.ly/27S0g72

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H1 2016 Global Capacity and Capital Expenditure Outlook for Refineries

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  1. Channel sales partner H1 2016 Global Capacity and Capital Expenditure Outlook for Refineries Asia to Drive Strong Growth in Global Crude Refining Capacity to 2020 Total Refinery CDU Capacity by Region (mmbd) Source: GlobalData, Downstream Analytics [Accessed on February 08, 2016] Global crude distillation unit (CDU) refining capacity is set to increase strongly from 96.2 million barrels per day (mmbd) in 2015 to 118.1 mmbd by 2020, registering total growth of 18.5%. This robust global growth will be led by China and Southeast Asia. A total of US$170 billion is expected to be spent in Asia to increase capacity by around 9 mmbd over the next four years. The global refining landscape continues its shift eastwards. 40% of global CDU capacity is projected to be in Asia by 2020, up from around 30% in 2010. China has led this growth, and is projected to have a 15% share of global CDU capacity by 2020. This activity is putting pressure on other regional refiners, especially now that China has become a net exporter, and will become a larger one. click to purchase - http://www.jsbmarketresearch.com/energy-utilities/r-H1-2016-Global-Capacity-and-Capital-Expenditure-Outlook-for-Refineries- Developing-Countries-Drive-Growth-in-Global-Refining-Industry-236348 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.

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