Opinion

China Leads Globally With Most Planned Hydrocracker Unit Capacity Additions to 2022, Says GlobalData


Analysis of planned hydrocracker unit capacity of refineries shows that China has the highest planned hydrocracker capacity globally with 232.0 thousand barrels per day (mbd) during 2018 to 2022. Nigeria and India follow with 188.5 mbd and 136.0 mbd, respectively, according to GlobalData, a leading data and analytics company.

The Dayushan Island in China has the highest planned hydrocracker capacity globally with 232.0 thousand barrels per day (mbd) during 2018 to 2022. The refinery is expected to start operations in 2018 with a total capital expenditure (capex) of $23.5bn. Zhejiang Petrochemical Co Ltd is the operator of the refinery.

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The Lagos I refinery in Nigeria has the second highest planned hydrocracker capacity with 188.5 mbd and is expected to start operations in 2019, with a total capex of $12.0bn. The operator of the refinery is Dangote Group.

The Ratnagiri refinery in India has the third highest planned hydrocracker capacity in 2022, with a capacity of 136.0 mbd and the refinery is expected to start operations in 2022. Western India Refineries and Petrochemicals is the operator for Ratnagiri refinery.

Dalian III and Manila refineries are jointly in fourth for planned hydrocracker capacity in 2022, each with a capacity 116.0 mbd. The refineries are expected to start operations in 2019 and 2020, respectively. Hengli Petrochemical (Dalian) Co., Ltd. is the operator for Dalian III refinery, while China Petroleum & Chemical Corporation is the operator for Manila refinery. 

The Jieyang refinery in China has the fifth highest hydrocracker capacity with 104.0 mbd and is expected to start operations in 2020 with a total capex of $9.5bn. Petrochina Pdvsa Guandong Petrochemical Co Ltd is the operator.

Caofeidian II and Caofeidian III refineries are jointly in sixth for planned hydrocracker capacity in 2022, each with a capacity 87.0 mbd. The refineries are expected to start operations in 2022. Xingtai Risun Coal Chemicals Ltd. is the operator for Caofeidian III refinery, while Saudi Arabian Oil Co is the operator for Caofeidian II refinery.

The remaining refineries with planned hydrocracker capacities are Pulau Muara Besar in Brunei and Duqm I in Oman, with capacities of 74.8 mbd and 74.0 mbd, respectively. These refineries are expected to start operations from 2019 and 2022, respectively.



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