19 Aug 2021
Posted in Oil & Gas
India to lead refinery hydrotreater capacity additions in Asia through 2025, says GlobalData
India is expected to register the second highest refinery hydrotreater capacity additions in Asia between 2021 and 2025, contributing about 35% of the total capacity additions through 2025, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘Global Refinery Hydrotreater Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Hydrotreater Units’, reveals that India is likely to witness a total hydrotreater unit capacity additions of 1,249 thousand barrels per day (mbd) by 2025. Of this, 436 mbd of capacity would be from the new-build refineries while the rest of the capacity is from the expansion of the existing refineries.
Teja Pappoppula, Oil and Gas Analyst at GlobalData, comments: “The Vadinar refinery is the largest upcoming expansion project in India with 374 mbd of capacity expected to be added by 2024. Among the two new-build refinery projects, the planned Nagapattinam II refinery in India is likely to add a capacity of 226 mbd in 2024. It is located in Tamil Nadu constituency and will be operated by Chennai Petroleum Corp Ltd.”
The planned Barmer refinery in the country is second contributor with 210 mbd of capacity expected to become operational in 2022. This coking type hydrotreater refinery is to be operated by HPCL Rajasthan Refinery Ltd.