GlobalData report: Asia to lead global refinery fluid catalytic cracking units’ capacity growth by 2024

  • Date: 07-Sep-2020
  • Source: Arabian Industry
  • Sector:Industrial
  • Country:GCC
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GlobalData report: Asia to lead global refinery fluid catalytic cracking units’ capacity growth by 2024

Asia is expected to lead the global refinery fluid catalytic cracking units' (FCCU) capacity growth, contributing about 45% of the total global capacity growth by 2024. The region is likely to add 542 thousand barrels per day (mbd) of FCCU capacity by 2024, says GlobalData.GlobalData's report, 'Global Refinery Fluid Catalytic Cracking Units (FCCU) Outlook to 2024 - Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Fluid Catalytic Cracking Units', reveals that the global FCCU capacity is expected to increase by 1.2 million barrels per day (mmbd), from 21.2mmbd in 2020 to about 22.4mmbd in 2024. Of the total capacity additions, one mmbd is expected to come from new-build planned and announced projects while the remaining 0.2mmbd is likely