Asia spearheads global refinery FCCU capacity additions through 2025, reveals GlobalData
Asia is expected to register the highest refinery fluid catalytic cracking units (FCCU) capacity additions globally during 2021 to 2025, contributing about 56% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company.
GlobalData’s report, ‘Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Fluid Catalytic Cracking Units’, reveals that Asia is likely to witness a total FCCU capacity additions of 940 thousand barrels per day (mbd) by 2025. Of this, 620 mbd of capacity would be from new build refineries while the rest is from expansions of existing refineries.
Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, comments: “China, India and Indonesia account for almost entire FCCU capacity additions in Asia by 2025. The FCCU expansion project at the Vadinar refinery in India is the largest upcoming project in Asia with 187 mbd of capacity, which is expected to be added in 2024. Among the new build refinery projects, the planned Yulong refinery in China is likely to add a capacity of 141 mbd in 2023.”
GlobalData identifies Africa as the second highest contributor to the global FCCU capacity additions, accounting for about 26% of the total additions by 2025. The planned Lagos I refinery in Nigeria is the highest contributor in the region with 163 mbd of capacity expected to become operational in 2023.
The Middle East ranks third globally contributing about 6% of the global FCCU capacity additions during the outlook period 2021-2025. Iraq accounts for the entire capacity additions in the region, with 104 mbd of capacity is expected to be added by 2025 from two new build and an expansion project.
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