Upcoming Capacity Additions Expected to Pay Off for Regional Demand
Following the trend of refinery closures and feedstock conversions over the last couple of years, some projects from around the world are approaching startup after years of development. Despite the new focus on renewable fuel development projects spreading across Europe and North America, other areas are relying upon upcoming traditional refinery production to meet rising demand. One such continent looking for significant new supply coming online is Africa, where the privately owned Dangote refinery in Nigeria is hoping to start operations by mid-year with an eventual peak of 650,000 bpd. However, the project has been delayed numerous times but it is expected to be nearing completion. E
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