GlobalData’s latest report, ‘Global Refinery Coking Units Outlook to 2026 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Coking Units’, says that the Asia refinery coking units’ capacity increased from 3,258 thousand barrels of oil per day (mbd) in 2016 to 3,520mbd in 2021 at an Average Annual Growth Rate (AAGR) of 1.5%. It is expected to increase from 3,520mbd in 2021 to 4,190mbd in 2026 at an AAGR of 3.5%.
China, India, Japan, South Korea and the Philippines are the key countries in Asia that accounted for 96.5% of the total coking unit capacity in 2021.
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China had the highest refinery coking units’ capacity in 2021, with 2,081mbd. Other key countries in terms of refinery coking units’ capacity were India, Japan, South Korea and the Philippines, with 1,052mbd, 110mbd, 110mbd and 45mbd, respectively. India witnessed the highest capacity growth during 2016 to 2021, with an AAGR of 3.6%, among the countries, followed by South Korea with 2.6%.
In Asia, ten countries had active refineries, with a total refinery coking units’ capacity of 3,520mbd, in 2021. Jamnagar I, Jamnagar II, Vadinar, Dayushan Island and Fushun were some of the largest active refineries in terms of coking unit capacity in 2021.
By 2026, 12 new refineries with coking units are expected to commence operations in Asia. Jieyang (China), Vadinar (India) and Panjin II (China) are the major refineries with upcoming coking projects in Asia during the 2022 to 2026 outlook period.
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