China’s independent refineries catch world attention
With the Chinese petroleum market booming – it is now the second largest consumer in the world – its independent refineries are attracting increasing international attention.
China now has more than 120 independent refiners. Between them, the independent refiners have a combined capacity of crude distillation units reaching 160m tonnes/year - that accounts for about 20% of China’s total refining capacity. These refiners play an important role in both upstream refining and midstream trading. As their capacities have continued to expand they have had an increasing influence on oil product prices and trading flows in China.
The China Independent Refinery Annual Report captures the development of China’s independent refiners with historical statistics, market research and analysis of the significant issues expected to shape the industry over the next five years.
The China Independent Refinery Annual Report assesses the growing importance of China’s independent refineries. With international attention now focused on China’s petroleum market and refining industries, this report collates all of the current information, key statistics and insights into future trends.
The ICIS China Independent Refinery Annual Report covers:
China’s independent refiners have had a significant impact on the booming Chinese petroleum market. The China Independent Refinery Annual Report collates all of the essential information with key data on regional capacity, operating rates and margins. The report also incorporates all of the issues impacting independent refiners and considers China’s major refiners.
Use the ICIS China Independent Refinery Annual Report to:
China is expected to boost its gasoil and gasoline exports from 2014, because the world’s second-largest economy is likely to face an oversupply in its fast-growing refining capacities, industry sources said.
A boom in investments in China for propane dehydrogenation (PDH) projects to produce propylene is expected to bolster the country’s imports of feedstock propane.
The opportunity is enormous, but the key question confronting the global petrochemical industry is: Who will be the winners and the losers from China’s economic development?