GlobalData: China to dominate Asian refinery fluid catalytic cracking units capacity growth by 2024
China is expected to contribute about 89% of the region’s total capacity growth by 2024.
Browse the latest oil refinery news news and articles.
The plant, located in northwestern China, began 45 days of maintenance on 1 July.
The manifesto is intended to help asset owners and operators in the energy and chemicals industry drive top line revenue growth, at significantly less cost.
Pandemic-related travel curbs and a fire have shut several plants, reversing years of small gains.
The subsidiary of state oil and gas group Sinopec Corp. is planning to shut down its 170 000 bpd refinery in late October for approximately 50 days of maintenance.
Companies involved in a hydrogen project at the Heide oil refinery near Hamburg, Germany, have announced they are to build a 30 MW electrolysis plant.
The Martinez refinery in California will be converted to a terminal facility.
The gradual appreciation of refinery utilisation is likely to enable refining companies to remain focused on key growth projects that would ensure long-term competitiveness to deliver strong future growth, according to GlobalData.
The cost of the facility is estimated to be US$4 billion.
The civil works is part of a project to transform the existing oil refinery in Sriracha into an environmental-friendly facility that will produce higher quality transportation fuels.
