Global Capacity and Capital Expenditure Outlook for Refineries to 2025 – China Leads Global Refinery CDU Capacity Additions

Global refinery CDU capacity is expected to witness a growth of 8.8 percent over the next four years, increasing from 104.7 mmbd in 2021 to 114.0 mmbd by 2025. Asia’s CDU capacity is expected to reach 40.8 mmbd in 2025, the highest among all regions globally. North America and Europe follow with 24.6 mmbd and 13.9 mmbd, respectively.

Scope

Refinery crude distillation unit (CDU) capacity by region for the period 2015 to 2025

CDU new build and expansion capacity additions by key countries

New build and expansion capex of refineries by region, key countries, and companies

Regional new-build and expansion capital expenditure outlook by key countries and companies

New build and expansion capacity additions by region for coking, FCC and hydrocracker units

Key details of major new build refineries expected to start operations by 2025

Reasons to buy

Obtain the most up to date information available on refineries globally

Facilitate decision making on the basis of strong historical, and outlook of CDU capacity data

Develop business strategies with the help of specific insights about capex spending on refineries globally and by region

Keep abreast of key new build refinery projects globally

Assess your competitor’s new build refinery projects and capex

Table of Contents

| About GlobalData 2

1. Global Refining Industry Outlook to 2025 7

1.1 Key Highlights 7

2. Key Projects Announcements and Cancellations 8

2.1 Key Project Announcements 8

2.2 Project Cancelations 8

2.3 Stalled Projects 9

3. Global Refinery CDU Capacity and Capex Outlook 10

3.1 Global Refinery CDU Capacity by Region 10

3.2 New Build and Expansion Refinery CDU Capacity by Key Countries 11

3.3 New Build and Expansion Capex of Refineries by Region 12

3.4 New Build and Expansion Capex of Refineries by Key Countries 13

3.5 New Build and Expansion Capex of Refineries by Key Companies 14

4. Regional Capex Outlook by Country and Company 15

4.1 Africa – New Build and Expansion Capex of Refineries by Key Countries 15

4.2 Africa – New Build and Expansion Capex of Refineries by Key Companies 16

4.3 Asia – New Build and Expansion Capex of Refineries by Key Countries 17

4.4 Asia – New Build and Expansion Capex of Refineries by Key Companies 18

4.5 Caribbean – New Build and Expansion Capex of Refineries by Key Countries 19

4.6 Caribbean – New Build and Expansion Capex of Refineries by Key Companies 20

4.7 Europe – New Build and Expansion Capex of Refineries by Key Countries 21

4.8 Europe – New Build and Expansion Capex of Refineries by Key Companies 22

4.9 FSU – New Build and Expansion Capex of Refineries by Key Countries 23

4.10 FSU – New Build and Expansion Capex of Refineries by Key Companies 24

4.11 Middle East – New Build and Expansion Capex of Refineries by Key Countries 25

4.12 Middle East – New Build and Expansion Capex of Refineries by Key Companies 26

4.13 North America – New Build and Expansion Capex of Refineries by Key Countries 27

4.14 North America – New Build and Expansion Capex of Refineries by Key Companies 28

4.15 Oceania – New Build and Expansion Capex of Refineries by Key Countries 29

4.16 Oceania – New Build and Expansion Capex of Refineries by Key Companies 30

4.17 South America – New Build and Expansion Capex of Refineries by Key Countries 31

4.18 South America – New Build and Expansion Capex of Refineries by Key Companies 32

5. CDU New Build and Expansion Capacity Additions by Region 33

5.1 CDU New Build Capacity Additions by Region 33

5.2 CDU Expansion Capacity Additions by Region 33

6. Coking New Build and Expansion Capacity Additions by Region 34

6.1 Coking New Build Capacity Additions by Region 34

6.2 Coking Expansion Capacity Additions by Region 34

7. FCC New Build and Expansion Capacity Additions by Region 35

7.1 FCC New Build Capacity Additions by Region 35

7.2 FCC Expansion Capacity Additions by Region 35

8. Hydrocracker New Build and Expansion Capacity Additions by Region 36

8.1 Hydrocracker New Build Capacity Additions by Region 36

8.2 Hydrocracker Expansion Capacity Additions by Region 36

9. Global New Build Refineries 37

10. Appendix 41

10.1 Abbreviations 41

10.2 Important Definitions 41

10.3 Market Definition 41

10.4 Methodology 42

| Contact Us 43

List of Tables

Table 1: Total Refinery CDU Capacity by Region, 2015–2025 (mmbd)10

Table 2: New Build and Expansion Refinery CDU Capacity Additions by Key Countries, 2021–2025 (mbd)11

Table 3: New Build and Expansion Capex of Refineries by Region during 2021–2025 (US$ mil) *12

Table 4: New Build and Expansion Capex of Refineries by Key Countries during 2021–2025 (US$ mil) *13

Table 5: New Build and Expansion Capex of Refineries by Key Companies during 2021–2025 (US$ mil) *14

Table 6: New Build and Expansion Capex of Refineries in Africa by Key Countries during 2021–2025 (US$ mil)*15

Table 7: New Build and Expansion Capex of Refineries in Africa by Key Companies during 2021–2025 (US$ mil)*16

Table 8: New Build and Expansion Capex of Refineries in Asia by Key Countries during 2021–2025 (US$ mil)*17

Table 9: New Build and Expansion Capex of Refineries in Asia by Key Companies during 2021–2025 (US$ mil)*18

Table 10: New Build and Expansion Capex of Refineries in Caribbean by Country during 2021–2025 (US$ mil)*19

Table 11: New Build and Expansion Capex of Refineries in Caribbean by Company during 2021–2025 (US$ mil)*20

Table 12: New Build and Expansion Capex of Refineries in Europe by Key Countries during 2021–2025 (US$ mil)*21

Table 13: New Build and Expansion Capex of Refineries in Europe by Key Companies during 2021–2025 (US$ mil)*22

Table 14: New Build and Expansion Capex of Refineries in FSU by Key Countries during 2021–2025 (US$ mil)*23

Table 15: New Build and Expansion Capex of Refineries in FSU by Key Companies during 2021–2025 (US$ mil)*24

Table 16: New Build and Expansion Capex of Refineries in Middle East by Key Countries during 2021–2025 (US$ mil)*25

Table 17: New Build and Expansion Capex of Refineries in Middle East by Key Companies during 2021–2025 (US$ mil)*26

Table 18: New Build and Expansion Capex of Refineries in North America by Country during 2021–2025 (US$ mil)*27

Table 19: New Build and Expansion Capex of Refineries in North America by Key Companies during 2021–2025 (US$ mil)*28

Table 20: New Build and Expansion Capex of Refineries in Oceania by Country during 2021–2025 (US$ mil)*29

Table 21: New Build and Expansion Capex of Refineries in Oceania by Company during 2021–2025 (US$ mil)*30

Table 22: New Build and Expansion Capex of Refineries in South America by Key Countries during 2021–2025 (US$ mil)*31

Table 23: New Build and Expansion Capex of Refineries in South America by Key Companies during 2021–2025 (US$ mil)*32

Table 24: CDU New Build Capacity Additions by Region, 2021–2025 (mbd)33

Table 25: CDU Expansion Capacity Additions by Region, 2021–2025 (mbd)33

Table 26: Coking New Build Capacity Additions by Region, 2021–2025 (mbd)34

Table 27: Coking Expansion Capacity Additions by Region, 2021–2025 (mbd)34

Table 28: FCC New Build Capacity Additions by Region, 2021–2025 (mbd)35

Table 29: FCC Expansion Capacity Additions by Region, 2021–2025 (mbd)35

Table 30: Hydrocracker New Build Capacity Additions by Region, 2021–2025 (mbd)36

Table 31: Hydrocracker Expansion Capacity Additions by Region, 2021–2025 (mbd)36

Table 32: Global Planned and Announced (New Build) Refineries, 2021–2025*37

List of Figures

Figure 1: Total Refinery CDU Capacity by Region, 2015–2025 (mmbd)10

Figure 2: New Build and Expansion Refinery CDU Capacity Additions by Key Countries, 2021–2025 (mbd)11

Figure 3: New Build and Expansion Capex of Refineries by Region during 2021–2025 (US$ bil)12

Figure 4: New Build and Expansion Capex of Refineries by Key Countries during 2021–2025 (US$ mil)13

Figure 5: New Build and Expansion Capex of Refineries by Key Companies during 2021–2025 (US$ mil)14

Figure 6: New Build and Expansion Capex of Refineries in Africa by Key Countries during 2021–2025 (US$ mil)15

Figure 7: New Build and Expansion Capex of Refineries in Africa by Key Companies during 2021–2025 (US$ mil)16

Figure 8: New Build and Expansion Capex of Refineries in Asia by Key Countries during 2021–2025 (US$ mil)17

Figure 9: New Build and Expansion Capex of Refineries in Asia by Key Companies during 2021–2025 (US$ mil)18

Figure 10: New Build and Expansion Capex of Refineries in Caribbean by Country during 2021–2025 (US$ mil)19

Figure 11: New Build and Expansion Capex of Refineries in Caribbean by Company during 2021–2025 (US$ mil)20

Figure 12: New Build and Expansion Capex of Refineries in Europe by Key Countries during 2021–2025 (US$ mil)21

Figure 13: New Build and Expansion Capex of Refineries in Europe by Key Companies during 2021–2025 (US$ mil)22

Figure 14: New Build and Expansion Capex of Refineries in FSU by Key Countries during 2021–2025 (US$ mil)23

Figure 15: New Build and Expansion Capex of Refineries in FSU by Key Companies during 2021–2025 (US$ mil)24

Figure 16: New Build and Expansion Capex of Refineries in Middle East by Key Countries during 2021–2025 (US$ mil)25

Figure 17: New Build and Expansion Capex of Refineries in Middle East by Key Companies during 2021–2025 (US$ mil)26

Figure 18: New Build and Expansion Capex of Refineries in North America by Country during 2021–2025 (US$ mil)27

Figure 19: New Build and Expansion Capex of Refineries in North America by Key Companies during 2021–2025 (US$ mil)28

Figure 20: New Build and Expansion Capex of Refineries in Oceania by Country during 2021–2025 (US$ mil)29

Figure 21: New Build and Expansion Capex of Refineries in Oceania by Company during 2021–2025 (US$ mil)30

Figure 22: New Build and Expansion Capex of Refineries in South America by Key Countries during 2021–2025 (US$ mil)31

Figure 23: New Build and Expansion Capex of Refineries in South America by Key Companies during 2021–2025 (US$ mil)32

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