Special Report:Global refining capacity advances; US industry faces uncertain future

12/21/2009
Global crude distillation capacity in 2009 shot ahead of capacity for 2008, according to the latest OGJ survey of the world's refineries, extending in a big way the growth evident in recent years. Worldwide refining capacity set a record for the eighth year in a row.For 2009, OGJ's survey shows a total capacity of 87.2 million b/cd for 661 refineries, an increase of more than 1.6 million b/cd over 2008. Last year's refinery survey, as of Jan. 1, 2009, listed a global capacity of 85.6 million b/cd in 655 refineries.The 2009 capacity growth far surpasses the total growth for the previous 3 years: 2008 (300,000 b/cd), 2007 (130,000 b/cd), and 2006 (52,000 b/cd). And the number of refineries ...
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