That's a record high and 45% above last year's level. When it comes to refinery output and the economy, the larger the numbers, th Trans Mountain Expansion Workers - TMX And North America is a major oil hub. written by Dean Smith. Visualizing the History of Energy Transitions, Visualizing the Worlds Top 25 Fleets of Combat Tanks, The Benefits of Reducing Methane Emissions, The U.S. and China Account for Half the Worlds Household Wealth. Almost half of all raw bitumen produced was sent for upgrading in Alberta last year, according to Natural Resources Canada. Gathering Pipelines How many oil refineries are in Canada? 5,767 miles. The Canadian company, one of the world's largest oil companies, transports about 30% of the crude oil produced . Website Email Profile. Top Four Types of Oil Refinery There are four types of refineries - topping, hydro-skimming, conversion, and deep conversion refineries. Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses. Gibson Oil & Refining, Bakersfield Refinery (Closed) 1978: Gibson Oil & Refining: 1978-July 1987: . How will the industry evolve during the period between 2020 and 2032? Those that remain are running at 94% capacity. What clothing brands were popular in the 50s? Canadian Natural Resources Limited. Leading companies and the potential for market growth Bharat Petroleum Corporation Limited BP Plc Chevron Corporation China Petroleum & Chemical Corp Eneos Holdings Inc Exxon Mobil Corporation Fluor Corporation Gazprom PAO Hindustan Petroleum Corporation Limited Indian Oil Corporation Limited Marathon Petroleum Corporation PBF Energy Inc. Phillips 66 PJSC Rosneft Oil Company Reliance Industries Limited Royal Dutch Shell Plc S-Oil Corporation Saudi Arabian Oil Co TotalEnergies SE Valero Energy Corporation (Valero) Overall world revenue for Oil Refinery Market, 2022 to 2032 in terms of value the market will surpass US$xx billion in 2022, our work calculates. Canada is a net exporter, mainly to the United States, of refined petroleum products and crude oil. In 2021, Canada was the source of 51% of U.S. gross total petroleum imports and 62% of gross crude oil imports. What are the oil refinery projects for these leading companies? Together, PADD II and PADD III have a total of 84 refineries which are able to process nearly 14 million barrels of oil a day. . As of April, 2021, the United States had 18.1 million barrels per day of petroleum refining capacity (i.e., operable atmospheric crude oil distillation capacity). Is there a greater need for product commercialisation to further scale the oil refinery market? How Many Refineries Are in Canada? U.S. refining capacity had reached a record high of nearly 19.0 million barrels per day as of January 1, 2020, but several refineries have closed since then, resulting in a capacity decline of 4.5 percent. Some of these refineries that shut down in 2020 "will become terminals, some of them will become renewable diesel or biofuel plants," Israel added. Refineries will receive a maximum payment of 1.8 cents per litre when the margin they make per barrel of oil falls to $7.30. The economic consequences of losing GDP output from refineries combined with the increased costs of importing petroleum products would take a serious toll on the wallets of all Newfoundland and Labradorians. This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. The mayor of Sarnia, a city in southern Ontario known as a petrochemical and refining hub, says there could be at least 5,000 job losses if Michigan is successful at shutting down the pipeline. Patrick Semansky. How Many Refineries Are in Canada? Alberta is over 66 million hectares in size. Download the map here. The payment will decline to zero if margins increase to $10.20 per barrel. In this case the graphic focuses in on U.S. regional benchmarks like Powder River Basin coal and Henry Hub natural gas prices. If Keystone XL does get built, PADD III will be able to source more oil from Canada and rely less on supply from foreign nations who rank much lower on environmental, social, and governance metrics. In 2021, Canadian exports from the U.S. Gulf Coast averaged more than 180,000 bpd, reaching nearly 300,000 bpd in December, a record, according to Matt Smith, Kpler's lead oil analyst for the. The result? The Oil Refinery Market Report 2022-2032: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying. There are three obvious reasons for this reality: the first is that these are two states who. Germany is spending over $60 billion to combat rising energy prices. This helped reduce the demand of energy fuels in 2022, along with industrial metals like copper, aluminum, and zinc. In 2019, for example, approximately 1.72 million barrels a day of crude oil was shipped to Canadian refineries, a majority of which was from domestic sources. Too Much! C-suite? This is the first phase of a project to provide greater transparency on the inputs and outputs of North America's refineries. Shell Deutschland's Rheinland refinery in Godorf, Wesseling, is the biggest refinery in the country with a capacity of 321,000 barrels per day. Discover their capabilities, progress, and commercial prospects, helping you stay ahead. Are oil refineries running at full capacity 2022? The Irving Refinery in Saint John, New Brunswick is the largest refinery in Canada, and exports considerable volumes of RPPs to the U.S. What is driving and restraining the oil refinery market? What is the Economic Contribution of Refineries in Ontario? [Online]. The broad-based S&P Goldman Sachs Commodity Index (GSCI) surged 52.1% in the first five months of 2022, as supply disruptions and fears across grains, metals, and energy fuels were spurred by Russias invasion of Ukraine. Editors note: Because of the Russia-Ukraine conflict, regional benchmarks for some commodities (coal, natural gas) had much bigger price divergences than is typical. Can$11.5B of remaining project costs divided by Can$1.458 is 7,887MW. The drop in capacity was driven by a 13% drop in gasoline consumption, and prices for gasoline and diesel hit a four year low. What is the biggest oil refinery in Canada? The size of the planned outages suggests supplies of gasoline and diesel could . In 1982 there were over 250 operating crude oil refineries in the United States; that number declined to 132 by 2019, according to data from the US Department of Energy (DOE). June 28, 2022. Please do not hesitate to contact me.. Producers in Alberta ship oil on the Trans Mountain pipeline to refineries in B.C., a province which also gets some feedstock from regional sources. United States Production: 18,875,000 bpd Number one on this list of the top 10 oil-producing countries is the US. Source: Refinery Capacity Report. Vinci Construction Company, Distillate fuels account for 40% of product demand in the Atlantic provinces, where furnace oil (light heating oil) is the predominant source of home heating, and heavy fuel oil (used to generate power) accounts for another 24%. The North Atlantic Refinery in Newfoundland and Labrador is situated in Come By Chance, a municipality near the provincial capital of St. Johns. Canada is home to 15 refineries, all of which are operated by Canadian Fuels members and represent the country's refining capacity. As a Premium user you get access to background information and details about the release of this statistic. Explore North America's crude oil pipelines and refineries across the U.S. and Canada in our interactive map. The cost of a new refinery is pegged at $10 billion, and would take years to construct. lower-quality crude comes from Canada, Venezuela and Russia, among other spots. As a result, SCO blends typically sell at a price which is much closer to par with the WTI benchmark. In 2020, oil refinery capacity in the United States amounted to approximately 18.1 million barrels per day, while the actual refinery throughput was 14.2 million barrels of oil per day. Many refineries had no option but to idle, he said. Offer helpful instructions and related details about How Many Refineries In Us . We predict strong revenue growth through to 2032. Alberta - home to the worlds third largest oil reserves - has all the feedstock supply it needs for provincial refineries, however these facilities still import lighter grade oils from the U.S. to use as a diluent which when mixed with bitumen allows it to flow in pipelines or be shipped in unheated railcars. Gasoline sales make up less than 30% of total product demand. You find original analyses, with business outlooks and developments. Click on the dots above and navigate to the local maps below for discussion and to learn more about . Direct and indirect job losses would ensue and tens of thousands of Canadians would lose their means to earn a living and provide for their families. The Canadian company, one of the worlds largest oil companies, transports about 30% of the crude oil produced in North America. Although Ontario is not a significant producer of petroleum, the province has just over 2,300 producing oil and gas wells. Meanwhile, the pipeline networks needed to transport this newly produced oil have only expanded by roughly 56%.. Today, the largest pipeline network across the U.S. and Canada (with a diameter of at least 10 inches) is . Following the networks of Plains and Enbridge, theres a steep drop off in the length of pipeline networks, with Sunocos crude oil pipeline network spanning about half the length of Enbridges at 6,409 miles. Methodology: Canada Energy Regulator (CER) estimates the cost of utility-scale solar installation is Can$1.458/W. The way U.S. oil refineries are set up has a lot to do with it. Refineries in Quebec are much more reliant on foreign imports than their counterparts in Ontario, despite relying on Western Canadian sources for feedstock more than ever before with the reversal of Line 9 and additional rail capacity built in recent years. There are four operating refineries in Alberta with a combined crude processing capacity of over 458,200 bbl/d. WEEKLY NEWSLETTER SIGN-UPSign up for our weekly newsletter site updates, oil prices and whats moving oil markets, delivered to your inbox every weekend (see archive): Get access to our entire database of commodity prices, energy statistics and oil sands data. Currently, you are using a shared account. Canada Action's top five global energy supply and demand lessons of 2022. Why should you care about refineries in Canada to begin with? A Closer Look at the Best Oil Stocks to Invest in. 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Read the full report: https://www.reportlinker.com/p06267773/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Canada Canada's 2.06Mbd refinery capacity in 2012 makes it the tenth biggest refiner in the world. The all-but-certain death of Keystone XL is another blow to the battered oil patch, but experts predict the . Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000. Oil refineries across Canada and capacity in barrels per day (bpd; one barrel is about 159 litres): East Coast. Brownfield, Refineries, Tie-Ins. The global oil and gas market size is estimated to reach $5,870.13 billion in 2021. Learn more about Canadian oil sands' cost-effectiveness and potential as a long-term future energy supply source today! To grasp a nearly immediate appreciation for refineries, just think about going for a year in life without all the listed products above. Together they have a total refining capacity of nearly 2 million barrels of oil a day. According to the Canadian International Merchandise Trade Database, Canada imported approximately $11.5 billion of crude oil in 2020, down from $18.9 billion in 2019 and $19.2 billion in 2018. ConocoPhillips Overall Best Oil Stock to Buy Now. Accessed January 19, 2023. https://www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, BP. Since oil, natural gas and oil sands resources are located underground, it helps to reference the land when we talk about mineral ownership. BP. Shutting down Line 5 would create both economic and environmental consequences as these refineries would be required to source more oil via rail and truck methods of transport which have been shown to be much more GHG-intensive and costly to do. Aug 29, 2022. Shell Deutschland's Rheinland refinery in Godorf, Wesseling, is the biggest refinery in the country with a capacity of 321,000 barrels per day. Where is the oil refinery market heading? Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The Longest Crude Oil Pipeline Networks in North America. While Texas and Louisiana have six refineries that process more than 400,000 barrels per day, there are only two other facilities outside of these states with the same kind of throughput, located in Whiting, Indiana (435,000 barrels per day) and Fort McMurray, Alberta (465,000 barrels per day). The country contains approximately 18% of global proven petroleum reserves and is the world's largest exporter of petroleum. And North America is a major oil hub. Access to this and all other statistics on 80,000 topics from, Show sources information There are 15 refineries in Canada, which are operated across most of the Canadian provinces. After 2021 saw an impressive surge in commodity prices as the world reopened post-pandemic, 2022 brought another year of positive returns for the asset class that were defined by high levels of volatility. Global Investors releases a visualization called the Periodic Table of Commodity Returns at the outset of each year. What are the implication of oil refinery projects taking place now and over the next 10 years? Another key factor that helped keep commodity prices cool in 2022 was Chinas extended lockdowns which slowed down the countrys manufacturing and industrial capabilities. For Canadian Fuels member contact information, please visit the About section. No viable alternatives to replace the lost supply of light oil and natural gas liquids that heat homes and businesses, fuel vehicles and power industry would be immediately available either. Canadas net production of petroleum products totalled 2.5 million barrels of oil per day in 2019, more than a quarter of which was exported. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising oil refinery prices and recent developments. After topping the table in 2021 with an outsized price increase of 442.8%, lithium kept its top spot in 2022 with a more modest price increase of 72.5%. For example, consider the difference between gasoline and diesel. "The Houston Refinery is currently operating as planned," LyondellBasell said in a statement Tuesday to The Daily Caller News Foundation. Overall, operating U.S. refineries had a capacity of about 17.7 million bpd of oil and produced about 9.5 million bpd of gasoline, 4.7 million bpd of diesel fuel and 1.3 million bpd of jet fuel in 2021. To help better understand these trends, U.S. Canada is home to 18 refineries with a total combined refining capacity of nearly 2 million barrels of oil per day, Eastern refineries rely on foreign nations with lower environmental, social, and governance (ESG) scores for some, if not all feedstock supply, Refineries employ tens of thousands of Canadians, generate billions in economic activity and play an integral role in providing us with the petroleum products we rely on every day. For starters, these facilities refine oil into several components which are then used by various industries to create the products we rely on and use every day. Meanwhile, the pipeline networks needed to transport this newly produced oil have only expanded by roughly 56%. to incorporate the statistic into your presentation at any time. Revenue: CA$30.867 billion. 2020 by the numbers Alberta oil producers exit COVID-19 pandemic little scathed, Alberta adds refining capacity, as Newfoundland awaits fate of NARL, Suncor shelves Montreal coker project, in lieu of more barrels at Firebag, Alberta says yes to plastics, but no thanks to partial upgrading and oil refining, Imperial books a profit on its refining business, as upstream operations struggle to break-even, From upgrader to refinery to partial-upgrader: Value Creation hopes to revive Heartland Complex, Husky looks to sell BC refinery and exit the retail business, Alberta's NDP government takes another stab at boosting refining capacity, Discounts on Canadian crude finally start to narrow as Midwest refineries re-open for business, China offers support for new Edmonton refinery, Expanding Bruderheim and adding refining capacity - Cenovus hints at future growth plans, Husky purchases additional Midwest refining capacity and defers Canadian expansion, Chevron finds buyer for BC refinery and fuel distribution, A look at Canada's refining capacity and how we compare to the rest of the world, Vancouver's only refinery goes up for sale, Why Vancouver desperately needs a new oil refinery, Independent refiners benefit from low oil prices, 2019 CAPP CRUDE OIL FORECAST, MARKETS & TRANSPORTATION. The Beaumont refinery processes nearly 369,000 barrels per day of crude oil and manufactures 2.8 billion . Cumulative oil imports into Canada between 1998 and 2020 totalled more than $488 billion. But domestic energy production is once again in the spotlight due to the U.S. ban on Russian oil imports and Russias impending export ban on raw materials. Show publisher information Learn more about how Statista can support your business. The product mix, on the other hand, varies a lot between locations. February 22, 2022 7 Min Read H Today, Valero has 15 refineries in the U.S., . Daily. *Includes only refineries with atmospheric crude oil distillation capacity. There are 15 refineries in Canada, which are operated across most of the Canadian provinces. [ View Larger Map ] Last updated: October 21, 2014. statistic alerts) please log in with your personal account. A metal that did shine brightly in 2022 was lithium, which has been newly added to the Periodic Table of Commodity Returns. Consider that 48 of the 58 PADD 3 refineries are located in the states of Texas (30) and Louisiana (18). Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses. According to a report from Reuters, published in June of this year, the refining capacity across the US fell by 4.5% during 2020, the largest drop since the recession of 2012. Nike Air More Uptempo '96 Volt, 7:59. There are about 130 oil refineries in the U.S. and most are pretty old; the newest one that can handle over 100,000 barrels a day was built in 1977. Canada is home to 18 refineries: 5 in Alberta, 5 in Ontario, 2 in British Columbia, 2 in Saskatchewan, 2 in Quebec, 1 in New Brunswick, and 1 in Newfoundland and Labrador. Here are some of the latest figures from the Canadian Fuels Association regarding the economic contribution of the refining industry: > $6.7 billion added to the economy by the refining sector Canada-wide, > $320 million amount of generated provincial and federal tax revenues, > 18,000 number of people employed directly or indirectly by the refining industry, > $300,000 value added to the economy for each worker employed by the sector, third place behind oil and gas extraction and mining and much higher than the national average of $77,000, > 1,600 number of suppliers in the supply chain supported by the refining industry, > $550 million value in feedstock for the chemical, plastic and rubber industries accounted for by refineries in Canada, Our family is a proud supporter of Canadian oil and gas.We teach our children how important this industry is and how #Canada is a world leader in #environmental protection. - Jodihttps://t.co/XhmJgP7ZPB pic.twitter.com/uvqYUYBgAb. Raw Material Price Volatility And Rapidly Depleting Crude Oil Refined petroleum products, chemicals and chemical products, coke, and intermediate goods were among the industries that were heavily impacted. Tens of billions of dollars in economic activity would also be lost. They have consistently maintained the largest oil refinery capacity of any nation worldwide. Here are our top three questions for anti-Canadian energy activists going into 2023! Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day) [Graph]. Please create an employee account to be able to mark statistics as favorites. Shell Canada Limited. processed 61 per cent synthetic crude and 12 per cent bitumen, for example. Gasoline contributes for over 40% of demand nationwide, with distillate fuels accounting for nearly a third of sales and heavy fuel oil accounting for barely 8%. What is the largest oil refinery in Canada? estimated completion is Q4-2022) Azikel Refinery (Azikel Petroleum), 12,000 bbl/d (1,900 m 3 /d) - (Under Construction; estimated completion is summer 2023) Ogbele Refinery (Niger Delta Petroleum Resources), 11,000 bbl/d (1,700 m 3 /d) . There are only about 700 refineries in the entire world. produces diesel and refinery input streams Jul 7, 2022. Available: https://www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, Oil refinery capacity in Canada from 2004 to 2021, Available to download in PNG, PDF, XLS format, Global oil reserves in selected countries 1990-2020, Oil and gas wells drilled in Canada 2021, by region, Oil and gas wells drilled in Western Canada 1947-2021, Drilling rigs' utilization rate in Canada 1977-2021, Crude oil production in Canada 2020, by region, Crude oil production in Canada 1971-2019, by type, Oil sands production in Canada 1967- 2021, Oil refinery capacity in Canada 2004-2021, Crude oil exports from Canada 2021, by destination, Oil industry capital investments in Canada 2020, by region, Oil sands' capital investments in Canada 1958-2020, Oil sands sales value in Canada 1986-2020, Conventional oil & gas' GDP contribution in Canada 2016-2021, Oil sands' GDP contribution in Canada 2016-2021, Suncor Energy's operating revenue 2009-2021, Capacity of oil refineries in Canada by region 2019, Oil refinery capacity in France 1998-2021, Oil refinery capacity in North America 2009-2021, Western Canadian crude oil refining capacity by refinery 2018, South Africa's crude oil refinery capacity by location 2017, Oil refinery capacity in Germany 1970-2021, Refinery capacity addition of petroleum in India 2008-2021, Refinery capacity of crude oil in India FY 2012-2022, Crude oil and process oils stock in the United Kingdom (UK) 2011-2018, Crude oil stock in offshore fields in the United Kingdom (UK) 2011-2018, Oil refinery capacity in Czechia 2005-2021, Petroleum net imports from OPEC countries as share of total net imports, Petrochemical production volume in India FY 2015-2018, Oil refinery capacity in Europe and CIS 2004-2021, Production volume of lube base oil in Indonesia 2007-2018, Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day), Find your information in our database containing over 20,000 reports, Canada exported 4.67 million barrels of oil per day. 3. 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[ View Larger map ] last updated: October 21, 2014. statistic alerts ) please log in with personal... All of which are operated across most of the crude oil produced costs... January 19, 2023. https: //www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, BP among other spots, of refined petroleum products and oil... And refineries across the U.S. and Canada in our interactive map your company set up has a lot locations! To par with the WTI benchmark and Henry Hub Natural gas prices:! For Canadian Fuels member contact information, please visit the about section make per barrel business... News Foundation the worlds largest oil refinery there are four Types of oil falls $! And to learn more about Canadian oil sands ' cost-effectiveness and potential as a result, blends! Henry Hub Natural gas prices situated in Come by Chance, a municipality the... Methodology: Canada energy Regulator ( CER ) estimates the cost of a project to provide greater transparency on dots... Of 1.8 cents per litre when the margin they make per barrel Tuesday the. About 159 litres ): East Coast demand of energy Fuels in 2022 was lithium, which operated!
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