Published on : Jun 23, 2016
ALBANY, New York, June 23, 2016: A new report, titled ‘Q1 2016 Global Refinery Maintenance Review - North America Records Highest Refining Capacity under Maintenance in the Quarter’ featured on ResearchMoz.us delivers a clear picture of refinery maintenance with key insights into the rising refining capacity in South America and North America.
The report begins by providing information on major outages in Q1 in 2016 and further continues to explain the global refining capacity under maintenance in different regions. As per the findings of the report, in the first quarter of 2016, the North America region recorded the maximum refining capacity under maintenance. South America also registered a considerable growth in the refining capacity under maintenance in Q1 of 2016.
Refineries convert semi-finished substances such as oil, metal, or sugar into a finished product carrying high grades. Globally, there are many companies providing refinery maintenance services to various treatment units. Since the last few years, refineries from across the globe have been adopting new technologies for refining processes. Owing to the continuous efforts taken by refineries to improve their maintenance procedures, the highest standard of reliability and standard has been maintained.
Country wise, the United States and Taiwan registered the highest capacities, especially under planned maintenance. Venezuela was the sole leader by holding the highest refining capacities under unplanned maintenance in Q1 in 2016.
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The accelerating innovations and technical advancements in refinery maintenance procedures are predicted to benefit the leading companies operating globally. Manufacturers operating across the United States and Taiwan have already introduced new refinery technologies. Going forward, to match the changing trends, leading companies plan to adopt new refinery methods to maintain their dominance globally.
This report delivers a comprehensive outlook of global refinery maintenance for coking, crude distillation, fluid catalytic cracking, hydrocracker, reformer units, and hydrotreater. For a detailed analysis, analysts have compared planned and unplanned refinery maintenance procedures. Additionally, the count of crude distillation units and coker units under maintenance is measured by considering different regions. Global fluid catalytic cracking (FCC) and hydrocracker capacity under maintenance are also measured based on regions.
Globally, over the past few years, there has been an increase in the number of companies operating refineries. In terms of refining capacity under maintenance, Motiva Enterprises LLC, Formosa Petrochemical Corporation, and PDVSA are the leading operators, globally. In Q1 in 2016, in South America and North America, power outage was one of the main reasons for unplanned maintenance. During the same period, fire was one of the most common reasons for unplanned maintenance in Asia.
To conclude, the analysts have given comparison factors that are responsible for the growth of planned and unplanned refinery maintenance across the globe. For this, the analysts have compared Q1 in 2016 with Q1 in 2015. By identifying major refinery units, information is obtained about refinery maintenance procedures underway in South America and North America.
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