Asia-Pacific regional refining, product market growing

By the end of the 1990s, expansion of distillation capacity in the Asia-Pacific region appeared to be continuing. During 2000 and early 2001, an additional 0.5 million b/d crude distillation unit (CDU) capacity expansion came online in the region, bringing Asia-Pacific's total expansion to almost 2.6 million b/d just within the past 3 years. Click here to enlarge imageAlthough demand has rebounded from the 1998 slump, during the 3-year period the incremental CDU capacity additions dwarfed the incremental product demand of less than 1.2 million b/d (Fig. 1). Despite the large capacity increases, the Asia-Pacific region's total refining output was still less than total product dem...

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