Fuel for Thought

  • China to dominate Asian refinery fluid catalytic cracking units capacity growth by 2024

China to dominate Asian refinery fluid catalytic cracking units capacity growth by 2024

Aug 12 2020

China is expected to lead Asia’s refinery fluid catalytic cracking units’ (FCCU) capacity growth, with about 89% of the region’s total capacity growth by 2024. China is likely to add more than 480 thousand barrels per day (mbd) of FCCU capacity by 2024, says GlobalData, the data and analytics company. 

GlobalData’s report‘ reveals that Asia’s FCCU capacity is expected to increase by 542 mbd  from 8,385 mbd in 2020 to about 8,927 mbd in 2024. Out of the Asia’s total capacity additions, 151.2 mbd is likely to come from the expansion of active projects while the remaining 391 mbd is expected to come from new-build planned projects.

Haseeb Ahmed, Oil and Gas Analyst at GlobalData, comments: “Out of the China’s total FCCU capacity additions of 481 mbd by 2024, 151.2 mbd is likely to come from active expansion projectsy, whereas the rest of the 329.3 mbd is expected to be contributed by new-build projects by 2024. Among the refineries in China, Yulong, Panjin II and Dayushan Island are the major refineries with FCCU, accounting for most of the capacity additions in the country with a combined total of 369 mbd by 2024.”

GlobalData expects India, Cambodia, Pakistan and Malaysia to account for the remaining 61 mbd of FCCU capacity additions in Asia by 2024. These countries together are expected to contribute about 11% of Asia’s FCCU capacity growth, with FCCU of the Kampong Som refinery (Combodia) accounting for most of the capacity additions with 20 mbd, followed by Bongaigaon and Khyber-Pakhtunkhwa I with 15 mbd each. 


Digital Edition

Petro Industry News May 2021

May 2021

In This Edition Fuel For Thought - Scientists discover new hydrocarbon cycle in the ocean - The energy sector’s great opportunity to become more sustainable - Collaboration to enhance res...

View all digital editions

Events

STLE Annual Meeting 2021

May 17 2021 Virtual event

World LNG Series: Asia Pacific Summit - Postponed to 2022

May 18 2021 Kuala Lumpur, Malaylsia

SAIPEC - NEW DATES

May 19 2021 Lagos, Nigeria & virtual

Korea Lab 2021 - NEW DATES

May 25 2021 Kintex, South Korea & Online

View all events