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IIR Top Refining News Today: April 12th 2021
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Will U.S. Gasoline Demand Drive Refining Capital Spending Through 2022?
Industry Segment: Petroleum Refining | Word Count: 99 Words
Attachment: A
SUGAR LAND April 7, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) As demand for gasoline in the U.S. continues to ramp back to pre-COVID levels, will the U.S. refining fleet pursue capital projects to modify or expand a key gasoline production units to allow for additional yields?
There are 28 capital Petroleum Refining projects in the U.S. and Canada, with a total investment value (TIV) of nearly $900 million, which are scheduled to begin construction from April 2021 through December 2022 that will target fluid catalytic cracking units. Such units are key to gasoline production.
IIR Top Refining News Today: April 7th 2021
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