Based on expected demand for refined products, new refining capacity will be required over the next 10 years to keep up with projected refined product demand. Based on market demand at least 50% of the new capacity will need to be built in Asia Pacific region.
A number of products are obtained when a barrel of crude oil is refined, including diesel, gasoline, kerosene, gasoil, fuel oil naphtha and liquefied petroleum gas (LPG). In addition to production of the non-fuel products of asphalts, lubricating oils and in certain applications coke
Crude oil is a mixture of naturally occurring hydrocarbons consisting of paraffins, naphthenes and aromatics. In its natural state it may also include water, gas sulfur and various minerals. Current proven reserves are currently estimated at 239 billion tons and its consumption accounts for around 30% of global primal energy In 2015 almost 80 billion barrels per day were refined globally.
This report provides analysis on the global refined products industry including LPG, naphtha, gasoline, jet fuel/kerosene, gasoil/diesel and residual fuel excluding the minor products such as waxes and lubricants. It provides supply sources, demand drivers and trade.
The report includes a 5 year history and 10 year forecast for all major producing regions listed below with new capacity additions documented. The report includes demand of petroleum into its end use applications making use of intelligence within Petrochemical Reporters data base to obtain a detailed analysis of demand based on derivative consumption. An overview of each of the commercial technologies mentioned will be included in the appendix along with a detailed methodology.