Hydrocarbon Processing Refining Databook 2025: Asia-Pacific
A burgeoning middle class is boosting demand for refining capacity in Asia, with China leading the way and India also with many projects underway
Over the past 20 years, Asia-Pacific has been the epicentre of new refining capacity construction. Since 2004, the region’s total refining capacity has increased by nearly 15m b/d, to more than 37m b/d, according to the Energy Institute. Most of this surge in new refining capacity is from China which has increased refined product capacity from approximately 5m b/d in 2000 to more than 18m b/d in 2024. Asia’s stark rise in refined fuel consumption has been due to an exponential growth in the region’s economies. This growth has pushed large percentages of the population into higher socioeconomic classes. In turn, demand for various fuels and petrochemical products has surged to build new infra
Also in this section
17 June 2025
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
17 June 2025
Sound development planning is essential in this diverse and rapidly evolving region
16 June 2025
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
