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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. million bbl/d was crude oil.

Oil 297
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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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million barrels per day (MMb/d) of global refinery capacity once fully operational. In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The scheduled expansions follow a period of reduced global refining capacity. million b/d in 2023.

Asia 418
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GlobalData: Asia to spearhead global refinery FCCU capacity additions between 2022 and 2026

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Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity additions globally between 2022 and 2026, accounting for approximately 48% of the total capacity additions by 2026, according to GlobalData, a data and analytics company. —Teja Pappoppula, Oil and Gas Analyst at GlobalData.

Asia 195
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Shell Technology Ventures to invest several $100 millions in emerging tech companies over next 6-8 years

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We want to enable the brightest and the best to develop their ideas, and benefit from Shell’s expertise and global reach, so that we can get these technologies up and running in our projects as fast as we can. Their pilot plant in the Middle East taps heat from the sun to generate steam for enhanced oil recovery.

Companies 247
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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. CCC is a globally diversified company specializing in Engineering and Construction. Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Many more will follow.

Fusion 170
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Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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Other application areas include non-fogging automotive interior, special sheets, profiles and gaskets and base stock for lubricating oils. Oxea is a global manufacturer of oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. Oxea is owned by Oman Oil Company S.A.O.C.

Oman 150