November 2017

Trends and Resources

Industry Perspectives: The latest in refining technology

Nearly 700 refineries are operating in more than 120 countries around the world.

Nichols, Lee, Hydrocarbon Processing Staff

Nearly 700 refineries are operating in more than 120 countries around the world. Total global refining capacity exceeds 97 MMbpd, with 8 MMbpd–9 MMbpd of additional refining capacity expected to be brought online by the early 2020s. The majority of new distillation capacity will help developing nations provide additional refined products to satisfy increasing domestic consumption rates. Each region is investing heavily in the construction of more complex units, as well. These secondary units are geared toward producing higher-quality fuels and adhering to new regulations on sulfur content in transportation fuels. Both distillation and secondary unit capacity are needed throughout the world,

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