IIR Data Show China Refinery Capacity to Drop by 165,000 BBL/d by End of 2025

November 5, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--In recent months, low demand issues have led Chinese companies to shutter 12 crude distillation units (CDUs) at refineries totaling 1.02 million barrels per day (BBL/d) of capacity between what's planned for 2024 and 2025, according to Industrial Info data. While new capacity is also in the works, to the tune of 816,000 BBL/d of new and 40,000 BBL/d of expansion (five new and one expansion), that still leaves the nation's overall refining capability down by 165,000 BBL/d by the end of 2025, compared to January of 2024.