Asia contributes 36% of CDU capacity growth by 2023

Asia is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 36% of global CDU capacity growth by 2023, according to GlobalData.

The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for Refineries – Nigeria Leads Global Refinery CDU Capacity Additions’, reveals that Asia is expected to have a new-build refinery CDU capacity of 5,571 thousand barrels per day (mbd) by 2023. The approved planned projects account for 62% of the new-build capacity or 3,431 mbd while the remaining 2,140 mbd is expected to come from early-stage announced projects.

Following Asia, GlobalData identifies Africa as the second highest country in terms of global refinery CDU capacity growth adding a new-build CDU capacity of 3,857 mbd by 2023.

The Middle East stands third with new-build CDU capacity growth of 3,188 mbd by 2023.

Previous articleTISCO duplex stainless steel applied to Slowson bridge
Next articleNOVATEK and Saibu Gas sign the Heads of Agreement
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.