Global Refinery New and Expansion Projects Outlook to 2026
• 460 upcoming crude oil refinery projects are expected to start operations from 2022 to 2026 • 118 represent new build projects and 342 are expansions of existing projects • Predictably Asia dominates with the highest capacity additions of 7.3 mmbd by 2026. The Middle East and Africa follow with capacities of 3.8 mmbd and 3.6 mmbd, respectively • China leads with the highest refinery capacity addition of 3.4 mmbd by 2026. Nigeria and India follow with capacities of 1.7 mmbd and 1.6 mmbd, respectively • The Lagos I project in Nigeria with a capacity of 650 thousand barrels per day (mbd) leads in terms of refinery capacity. Visit MY BLOG http://polymerguru.blogspot.com