{"id":24325,"date":"2023-02-09T09:30:00","date_gmt":"2023-02-09T09:30:00","guid":{"rendered":"https:\/\/www.engineernewsnetwork.com\/blog\/?p=24325"},"modified":"2023-02-08T10:27:16","modified_gmt":"2023-02-08T10:27:16","slug":"asia-to-account-for-over-half-of-global-refinery-cdu-capacity-additions-by-2027","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/asia-to-account-for-over-half-of-global-refinery-cdu-capacity-additions-by-2027\/","title":{"rendered":"Asia to account for over half of global refinery CDU capacity additions by 2027"},"content":{"rendered":"\n<p>Asia is set to witness the highest crude distillation unit (CDU) capacity additions globally, contributing about 52% of the total global CDU capacity additions by 2027, says GlobalData, the data and analytics company.<\/p>\n\n\n\n<p>GlobalData&#8217;s report, <strong><em><a href=\"https:\/\/www.globaldata.com\/store\/report\/refineries-capacity-and-capital-expenditure-market-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Refineries Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements and Cancellations) Projects, 2023-2027<\/a><\/em><\/strong>, reveals that Asia is likely to witness a total CDU capacity addition of 10.2 million barrels per day (mmbd) by 2027. Of this, the new build capacity would be 7.3mmbd, while the remaining is from the expansion of existing refineries.<\/p>\n\n\n\n<p>Bhargavi Gandham, Oil and Gas Analyst at GlobalData, comments: &#8220;The refinery CDU capacity additions in Asia will be primarily driven by China and India. Economic growth, the ever-growing demand for petroleum products, especially from the transportation sector, and expanding petrochemicals sector are driving capacity additions in these countries.&#8221;&nbsp;<\/p>\n\n\n\n<p>Hambantota III in Sri Lanka, with a capacity of 420 thousand barrels per day (mbd), is the largest upcoming CDU refinery in Asia during the 2023 to 2027 outlook period. It is expected to start its operations in 2027.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2023\/02\/vcsPRAsset_3434416_162238_38eeb217-f4de-4df4-beb2-4f4093193641_0.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"549\" src=\"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2023\/02\/vcsPRAsset_3434416_162238_38eeb217-f4de-4df4-beb2-4f4093193641_0-1024x549.png\" alt=\"\" class=\"wp-image-24326\" srcset=\"https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2023\/02\/vcsPRAsset_3434416_162238_38eeb217-f4de-4df4-beb2-4f4093193641_0-1024x549.png 1024w, https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2023\/02\/vcsPRAsset_3434416_162238_38eeb217-f4de-4df4-beb2-4f4093193641_0-300x161.png 300w, https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2023\/02\/vcsPRAsset_3434416_162238_38eeb217-f4de-4df4-beb2-4f4093193641_0-768x412.png 768w, https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2023\/02\/vcsPRAsset_3434416_162238_38eeb217-f4de-4df4-beb2-4f4093193641_0-310x165.png 310w, https:\/\/www.engineernewsnetwork.com\/blog\/wp-content\/uploads\/2023\/02\/vcsPRAsset_3434416_162238_38eeb217-f4de-4df4-beb2-4f4093193641_0.png 1172w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>GlobalData identifies the Middle East as the second highest contributor to the global CDU capacity additions accounting for about 20% of the total additions by 2027. Among the upcoming CDU projects in the region, Ras Al-Khair in Saudi Arabia leads with a CDU capacity of 400mbd by 2027. It is followed by Basra II, Duqm IV, and Bandar Jask, with a CDU capacity of 300mbd each.\u00a0<\/p>\n\n\n\n<p>Africa ranks third contributing about 16% of the world&#8217;s total CDU capacity additions during the outlook period. The Lagos I refinery in Nigeria leads in terms of upcoming CDU capacity with 650mbd. Port Sudan III, Akwa Ibom III, and Lobito, with a capacity of 200mbd each, are the other key upcoming CDU refineries in the region.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia is set to witness the highest crude distillation unit (CDU) capacity additions globally, contributing about 52% of the total global CDU capacity additions by 2027, says GlobalData, the data and analytics company. GlobalData&#8217;s report, Refineries Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements &hellip;<\/p>\n","protected":false},"author":1,"featured_media":24326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199,106],"tags":[11319,11318,246],"class_list":["post-24325","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news-views-and-opinion","category-oil-gas","tag-cdu","tag-crude-distillation-unit","tag-globaldata"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asia to account for over half of global refinery CDU capacity additions by 2027 - Engineer News Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.engineernewsnetwork.com\/blog\/asia-to-account-for-over-half-of-global-refinery-cdu-capacity-additions-by-2027\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia to account for over half of global refinery CDU capacity additions by 2027 - Engineer News Network\" \/>\n<meta property=\"og:description\" content=\"Asia is set to witness the highest crude distillation unit (CDU) capacity additions globally, contributing about 52% of the total global CDU capacity additions by 2027, says GlobalData, the data and analytics company. 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