Global conventional refining capacity grew only modestly from 2020 to 2025, constrained by economic implications from the COVID-19 pandemic, long-term demand uncertainty from decarbonization and EV adoption, and stringent environmental regulations. However, growth is expected to accelerate in 2026-2030 as large new projects are set to come online across Asia, the Middle East, and Africa, supported by economic growth, urbanization, and rising fuel demand. Governments are also backing expansions to strengthen fuel security, reduce import reliance, and build export-oriented downstream value chains.
Report Scope
Updated information on all active and upcoming (planned and announced) refineries globally.
Provides key details such as refinery name, operator name, refinery type, and status for all active, suspended, planned, and announced refineries in a country.
Provides an annual breakdown of new-build and expansion capital expenditure outlook by region and by key countries for the period 2020 to 2030.
Reasons to Buy
Obtain the most up-to-date information available on all active, suspended, planned, and announced conventional refineries globally
Identify growth segments and opportunities in the conventional refining industry
Facilitate decision-making on the basis of strong conventional refinery capacity data
Assess your competitor’s conventional refinery portfolio
Table of Contents
1. Global Conventional Refineries and Key Units Capacity Outlook
Key Highlights
Global Refining Capacity by Key Regions
Regional Comparison of Refining Capacity and Average Nelson Complexity Index (NCI)
Global CDU Capacity Additions Through New and Existing Refineries by Region and Key Countries
Global Key Unit Capacity Additions Through New and Existing Refineries by Region
Key Global New Build Refineries
2. Global Conventional Refining Industry Capital Expenditure Outlook
New Build and Expansion Capex of Refineries by Region
New Build and Expansion Capex of Refineries by Key Countries and Key Companies
3. Major Project Announcements and Cancellations
Key Project Announcements
Stalled and Cancelled Projects
4. Asia Conventional Refining Industry Outlook
Refining Capacity in Asia by Key Countries
Key Unit Capacity Additions Through New and Existing Refineries in Asia
New Build and Expansion Capex of Refineries in Asia by Key Countries and Key Companies
5. North America Conventional Refining Industry Outlook
Refining Capacity in North America by Key Countries
Key Unit Capacity Additions Through New and Existing Refineries in North America
New Build and Expansion Capex of Refineries in North America by Key Countries and Key Companies
6. Middle East Conventional Refining Industry Outlook
Refining Capacity in the Middle East by Key Countries
Key Unit Capacity Additions Through New and Existing Refineries in the Middle East
New Build and Expansion Capex of Refineries in the Middle East by Key Countries and Key Companies
7. Europe Conventional Refining Industry Outlook
Refining Capacity in Europe by Key Countries
Key Unit Capacity Additions Through New and Existing Refineries in Europe
Regional Comparison of Refining Capacity and Average Nelson Complexity Index (NCI)
New Build and Expansion Capex of Refineries in Europe by Key Countries and Key Companies
8. FSU Conventional Refining Industry Outlook
Refining Capacity in the FSU by Key Countries
Key Unit Capacity Additions Through New and Existing Refineries in the FSU
New Build and Expansion Capex of Refineries in the FSU by Key Countries and Key Companies
9. South America Conventional Refining Industry Outlook
Refining Capacity in South America by Key Countries
Key Unit Capacity Additions Through New and Existing Refineries in South America
New Build and Expansion Capex of Refineries in South America by Key Countries and Key Companies
10. Africa Conventional Refining Industry Outlook
Refining Capacity in Africa by Key Countries
Key Unit Capacity Additions Through New and Existing Refineries in Africa
New Build and Expansion Capex of Refineries in Africa by Key Countries and Key Companies
11. Conventional Refining Industry Outlook in Other Regions
Refining Capacity in the Caribbean by Key Countries
Refining Capacity in Oceania by Key Countries
Refining Capacity in Central America by Key Countries
Key Unit Capacity Additions and Capex Through New and Existing Refineries in Central America
12. Appendix
Abbreviations and Definitions
Abbreviations and Definitions (Contd.)
About the Analyst
Contact the Publisher
List of Tables
Global refining capacity by key regions (mmbd*), 2020-2030
Refining industry, Global, top 10 planned and announced (new build) refineries, 2026-2030
Key project announcements
Stalled projects
Cancelled projects
Asia refining capacity by key countries (mmbd*), 2020-2030
North America refining capacity by key countries (mmbd*), 2020-2030
Middle East refining capacity by key countries (mmbd*), 2020-2030
Europe refining capacity by key countries (mmbd*), 2020-2030
FSU refining capacity by key countries (mmbd*), 2020-2030
South America refining capacity by key countries (mmbd*), 2020-2030
Africa refining capacity by key countries (mmbd*), 2020-2030
Caribbean refining capacity by key countries (mbd*), 2020-2030
Oceania refining capacity by country (mbd*), 2020-2030
Central America refining capacity by country (mbd*), 2020-2030
List of Figures
Global refining capacity growth vis-à-vis share by key regions (mmbd)*, 2026-2030
Regional contribution (%) to global refining capacity, 2020-2030
Regional comparison based on average Nelson Complexity Index (NCI) of refineries, 2025
Global crude distillation unit (CDU) capacity additions through new and existing refinery expansions by region (mbd*), 2026-2030
Global CDU capacity additions through new and existing refinery expansions by key countries, 2026-2030 (mbd*)
Condensate splitter capacity additions by region, 2026-2030
Coking capacity additions by region, 2026-2030*
Catalytic cracker capacity additions by region, 2026-2030*
Hydrocracker capacity additions by region, 2026-2030*
New build and expansion capex of refineries by major regions during 2026-2030 ($B)
New build and expansion capex of refineries by key countries, 2026-2030 ($B)
New build and expansion capex of refineries by key companies, 2026-2030 ($B)
Refining capacity growth vis-à-vis share in Asia by key countries (mmbd), 2026-2030
CDU capacity additions by key countries, 2026-2030
Condensate splitter capacity additions by key countries, 2026-2030
Coking capacity additions by key countries, 2026-2030
Catalytic cracker capacity additions by key countries, 2026-2030
Hydrocracker capacity additions by key countries, 2026-2030
New build and expansion capex of refineries in Asia by key countries, 2026-2030 ($B)
New build and expansion capex of refineries in Asia by key companies, 2026-2030 ($B)
Refining capacity growth vis-à-vis share in North America by country (mmbd), 2026-2030
CDU capacity additions by country, 2026-2030
Coking capacity additions by country, 2026-2030
Catalytic cracker capacity additions by country, 2026-2030
Hydrocracker capacity additions by country, 2026-2030
New build and expansion capex of refineries in North America by country, 2026-2030 ($B)
New build and expansion capex of refineries in North America by key companies, 2026-2030 ($B)
Refining capacity growth vis-à-vis share in the Middle East by key countries (mmbd), 2026-2030
CDU capacity additions by key countries, 2026-2030
Condensate splitter capacity additions by country, 2026-2030
Coking capacity additions by country, 2026-2030
Catalytic cracker capacity additions by key countries, 2026-2030
Hydrocracker capacity additions by key countries, 2026-2030
New build and expansion capex of refineries in the Middle East by key countries, 2026-2030 ($B)
New build and expansion capex of refineries in the Middle East by key companies, 2026-2030 ($B)
Refining capacity growth vis-à-vis share in Europe by key countries (mmbd), 2026-2030
CDU capacity additions by country, 2026-2030
Coking capacity additions by country, 2026-2030
Catalytic cracker capacity additions by country, 2026-2030
Hydrocracker capacity additions by country, 2026-2030
New build and expansion capex of refineries in Europe by key countries, 2026-2030 ($M)
New build and expansion capex of refineries in Europe by key companies, 2026-2030 ($M)
Refining capacity growth vis-à-vis share in the FSU by key countries (mmbd), 2026-2030
CDU capacity additions by key countries, 2026-2030
Coking capacity additions by country, 2026-2030
Catalytic cracker capacity additions by country, 2026-2030
Hydrocracker capacity additions by country, 2026-2030
New build and expansion capex of refineries in the FSU by key countries, 2026-2030 ($B)
New build and expansion capex of refineries in the FSU by key companies, 2026-2030 ($B)
Refining capacity growth vis-à-vis share in South America by key countries (mmbd), 2026-2030
CDU capacity additions by country, 2026-2030
Coking capacity additions by country, 2026-2030
Catalytic cracker capacity additions by country, 2026-2030
Hydrocracker capacity additions by country, 2026-2030
New build and expansion capex of refineries in South America by country, 2026-2030 ($B)
New build and expansion capex of refineries in South America by key companies, 2026-2030 ($B)
Refining capacity growth vis-à-vis share in Africa by key countries (mmbd), 2026-2030
CDU capacity additions by key countries, 2026-2030
Condensate splitter capacity additions by country, 2026-2030
Coking capacity additions by country, 2026-2030
Catalytic cracker capacity additions by key countries, 2026-2030
Hydrocracker capacity additions by key countries, 2026-2030
New build and expansion capex of refineries in Africa by key countries, 2026-2030 ($B)
New build and expansion capex of refineries in Asia by key companies, 2026-2030 ($B)
Refining capacity growth vis-à-vis share in the Caribbean by key countries (mbd), 2026-2030
Refining capacity growth vis-à-vis share in Oceania by country (mmbd), 2026-2030
Refining capacity growth vis-à-vis share in Central America by country (mbd), 2026-2030
Capacity additions for CDU, catalytic cracker, and hydrocracker units In Nicaragua, 2026-2030
New build and expansion capex of refineries in Central America by country, 2026-2030 ($B)
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