The plant’s capacity has been adjusted lower to 12 million tonnes a year, from an earlier plan of 14 million tonnes when the project was announced in 2020. On completion, it will push the Brunei unit’s total capacity to 20 million tonnes, producing mainly diesel, paraxylene, benzene, polypropylene and other higher-value refined oil and chemical products.
Global oil refining capacity is set to rebound this year after shrinking in 2025, according to BloombergNEF. Closures in Europe and North America bolstered margins in the second half of the year, allowing for more capacity in Asia.
Still, refiners in Southeast Asian countries have been challenged in recent years by rapid capacity growth in the region, driven largely by China.
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