Sinopec’s Economics & Development Research Institute, or EDRI, foresee China becoming the world’s top refiner with about 1 billion mt/year, or 20 million b/d, of capacity by 2025, its vice general engineer Ke Xiaoming said at the launch of EDRI’s China Energy and Chemicals Industry Development Report in Beijing on Dec. 17. Receive daily email alerts, subscriber notes & personalize your experience. Register Now China’s refining capacity is 880 million mt/year currently in 2020 and would be 905 million mt/year in 2021, Ke said. About 250 million mt/year new refining capacity will be added across the world in the next five years, with new capacity additions in China accounting for 40%-50% of that, according to Ke. The […]