H2 Global Capacity and Capital Expenditure Outlook for Refineries, New Report Launched
The global refinery industry, which experienced a relatively low crude distillation unit capacity growth of 2.4% during 2009 to 2014, is expected to grow at a stronger pace over the next four years. This could result in over capacities, less utilization and lower margins, and prompt some of the companies to cancel or delay or reduce capacities of the planned projects. Asia, Middle East and Africa will lead most of the global growth primarily to meet increasing domestic demand for...
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