Global refining capacity reached 107 million barrels a day in 2021, and is projected to grow at an AAGR of more than 2% from 2021-2026. The US, China, Russia, India, and South Korea are the countries with the most capacity, accounting for more than 47% of the total refining capacity globally.
Paraguana (Venezuela), Ulsan (South Korea), Ruwais (UAE), Yeosu (South Korea), and Dayushan Island (China) are the largest refineries in the world in terms of refining capacity in 2021.
Taking this into account, the 475-page Global Refining Industry Outlook to 2026 report gives a comprehensive overview of the global crude oil refining industry. The report provides refinery details such as the refinery name, country, and refinery operator name, with in-depth coverage of crude distillation unit or, CDU capacity and other major unit capacities for all active, and new-build (planned and announced) refineries. The report also provides global and regional refinery capital expenditure outlook by key countries, year on year, till 2026.
It provides a comparison of key countries based on contribution to global as well as regional refining capacities. Furthermore, the report offers recent developments and the latest contracts awarded in the refining industry across different regions.
There is significant investment in refining capacity to keep up with growing demand over the next five years. The Global Refining Industry Outlook to 2026 report assesses this interest by quantifying the market size and opportunity for the sector and evaluating the future supply, demand and projects for different regions and countries globally.