Global capacity growth reverses; Asian, Mideast refineries progress

12/05/2011
Warren R. True Chief Technology Editor-LNG/Gas Processing Leena Koottungal Survey Editor/News Writer World crude oil distillation capacity has contracted slightly in 2011 after growing slowly in 2010 (OGJ, Dec. 6, 2010, p. 50), according to the latest OGJ Refinery Survey. The closings and rationalizations that dominated Western European and North American refineries in 2010 have continued in 2011. Sales of plants and mergers of companies are the most prominent activities in the two developed regions, as the account below details. Much of the capacity decline has been in countries of the Organization for Economic Cooperation and Development, where the global recession since 2008 has hit th...
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