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Growth of Global Refinery FCC Capacity is mostly due to capacity additions in Asia-Pacific and Middle East and Africa
5/14/11
The global refinery FCC capacity, has witnessed an appreciable growth during the period 2000-2010 at an Annual Average Growth Rate (AAGR) of 2.1%, mainly due to the increasing refinery FCC capacity addition by the Asia-Pacific, Middle East and African countries. However, this growth is expected to slow down to 0.9% in the next six years. The declining demand of gasoline and light products in Europe and the growing use of ethanol as transport fuel in North America have hampered the growth of refinery FCC capacity in these regions. At the same time, the booming demand for gasoline products in Asia Pacific and the Middle East and Africa, has increased the refinery FCC capacity in these regions.
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