Japan will be third largest contributor to crude oil refining capacity in Asia from 2018 to 2023, according to GlobalData
Japan was the third largest contributor to crude oil refining capacity in Asia with 3.519 million bpd in 2018.
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The country’s total refining capacity is forecast to increase at an AAGR of 4.5% in 2023.
The country’s total refining capacity is set to grow at an AAGR of 5.3% in 2023.
The expansion enables full production of 50 million gal./yr of biodiesel and bio-oil.
The company will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery.
The companies will carry out work at Tupras’ Izmir refinery.
The meetings begin an intensive effort to complete the FEED of the refinery located in Belfield, North Dakota.
UNIPOL PP Process Technology will be used for a new 400 000 tpy facility in Daesan, South Korea.
The group’s refined oil sales reached 40 million t for the first time, while chemicals marketing volume also rose from the previous year.
Completion of major expansion project makes Shell’s Geismar chemicals manufacturing site the largest producer of alpha olefins in the world.
