Asia is expected to lead the global refinery hydrocracking units’ capacity growth, contributing about 49% of the total global capacity growth by 2024.
According to data and analytics company GlobalData, the region is likely to add 1.2 million barrels per day (mmbd) of hydrocracking units capacity by 2024.
The company’s report, Global Refinery Hydrocracking Units Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Hydrocracking Units, reveals that the global hydrocracking units’ capacity is expected to increase by 2.4 mmbd, from 11.3 mmbd in 2019 to about 13.7 mmbd in 2024.
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