China's petrochemicals capacity growth: A new normal of much …
WEBJul 15, 2024 · Let’s start with the decision to cap China’s refinery capacity at some 1bn tonnes a year from 2027 onwards up to at least 2040. This is a huge change from 2000-2026 when capacity is forecast to increase by more than 250%.
China sets minimum size for new refiners as it caps overall capacity ...
WEBOct 25, 2023 · China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under its plan to limit total capacity at 1 billion...
Crude oil processing in China hit a record high in 2023
WEBMar 4, 2024 · Crude oil processing, or refinery runs, in China averaged 14.8 million barrels per day (b/d) in 2023, an all-time high. The record processing came as the economy and refinery capacity grew in China following the country’s COVID-19 pandemic responses in 2022.
China takes top spot in global refining capacity but output lags …
WEBFeb 17, 2023 · China has 32 refineries with at least 200,000 bpd capacity each, according to the association, citing the launch of a new facility built by PetroChina (601857.SS) in Jieyang in...
China to surpass US as world's top refiner in 2022 with 18.8 mil …
WEBApr 14, 2022 · China is aiming to cap the country's primary refining capacity at 1 billion mt/year, or 20 million b/d, by 2025 while boosting utilization rates of its refining facilities to above 80%, according to the national carbon peaking action plan released by the State Council in October.
Explainer: China imposes growth limits on vast oil refining industry
WEBSINGAPORE, Oct 27 (Reuters) - China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under a plan to limit total...
Global Energy Perspective 2023: Refining outlook | McKinsey
WEBJan 24, 2024 · In the Asian hub, refining margins would fall in line with European margins in the near term, due to the growth in net new announced refining capacity in the Middle East and China, which could put pressure on regional utilization.
WEB• hina’s total refinery capacity as of June 2023 was 19.8 million b/d. An additional 1.1 million b/d of capacity will be added by 2026. The 430,000 b/d Local Yulong project is the largest addition and starts operations in early 2025. The Panjin refinery, at …
Massive Oil Refining Capacity Idle in China as Prices Soar
WEBJun 19, 2022 · Massive Oil Refining Capacity Idle in China as Prices Soar. Around a third of nation’s fuel-processing is out of action; Beijing tightly controls industry via a strict quota system
China's annual refining capacity ranks first globally in 2023 - China …
WEBMar 2, 2024 · BEIJING - China's annual oil refining capacity rose to 936 million tonnes in 2023, ranking first in the world, a report said. China's oil consumption was about 756 million tonnes last year, and ...
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