Will leading oil refinery markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others? The Whiting Refinery is an oil refinery located on the southwestern shore of Lake Michigan and the Indiana Harbor Ship Canal and operated by BP. In summary, our 550+ page report provides you with the following knowledge: Revenue forecasts to 2032 for Oil Refinery Market, 2022 to 2032 Market, with forecasts for each forecasted at a global and regional level discover the industrys prospects, finding the most lucrative places for investments and revenues Revenue forecasts to 2032 for 4 regional and 20 key national markets See forecasts for the Oil Refinery Market, 2022 to 2032 market in North America, Europe, Asia-Pacific and LAMEA. Show publisher information The map also aspires to show the fast growing renewable energy power (wind, solar and hydro) locations colored in yellow. Chronis has more than 30 years of experience serving public and private . Upgrading was used to commercialize the oil sands when it started production in the late 1960s, because there was no other way to transport bitumen to markets. What is the largest oil refinery in Canada? +971 48819804. Global Investors releases a visualization called the Periodic Table of Commodity Returns at the outset of each year. You can only download this statistic as a Premium user. As of that year, the oil refinery capacity in. Trans Mountain and rail are the primary export conduits to these regions of the U.S. Canadian oil is also shipped to other international buyers through the Port of Vancouver and U.S. Gulf Coast. It is poured into the ship bunkers to keep the engines running. Refineries in New Brunswick, Quebec, Ontario and Newfoundland and Labrador are largely responsible for the tens of billions in foreign oil imports into Canada each year. If you are an admin, please authenticate by logging in again. What is the Economic Contribution of Refineries in Ontario? The way U.S. oil refineries are set up has a lot to do with it. With each subsequent module costing approximately 60 per cent of the initial piece, the projected cost at build out is more than $30 billion. Currently, pipelines remain key components of energy consumption across the U.S. and Canada, and as global energy markets face supply squeezes, international sanctions, and geopolitical turbulence, the focus on them has grown. Get full access to all features within our Corporate Solutions. Learn about wheat farming in Canada, with these 15 fun facts + brief history, and more! Source: S&P Global Since June 2019, 1.482 million barrels per day of refining capacity has been rationalized in the United States and Canada, of which about 590,000 barrels per day was damaged in storms or refinery incidents and is not eligible for quick restart, and 237,000 barrels per day is being converted to renewable diesel production. Along with these infrastructure improvements, pipeline developers and operators emphasize the lack of better alternatives, as freight and seaborne transportation are both far less efficient and result in more carbon emissions. Canada is home to 15 refineries, all of which are operated by Canadian Fuels members and represent the country's refining capacity. Our Locations. Click on the dots above and navigate to the local maps below for discussion and to learn more about . 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. Canadian Oil Sands Production Finds a New Outlet to the U.S. Gulf Coast Kevin Stone February 4, 2022 16 The Capline pipeline, connecting Patoka, Illinois to St. James, Louisiana, is now fully operational, transporting heavy crude oil produced in Canada's tar sands to refiners along the U.S. Gulf of Mexico. Tens of billions of dollars in economic activity would also be lost. According to AAA, the average U.S. retail gasoline price is currently around $4.75 per gallon. Ontario refineries source most of their feedstock from Western Canada but also some from the United States. . That list goes on, and on, quite literally, with thousands upon thousands of items, some of which you may have not had any clue were derived using oil. Smartphones, computers, televisions, gasoline, motor vehicles, rubbers, plastics, refrigerators, heart valves, prescriptions, contact lenses, shampoo, toothpaste and hearing aids are just the tip of the iceberg of products derived using oil. Did you know that 4 of Ontarios oil refineries make up about 20 per cent of Canadas total refining capacity, and that about 80 per cent of their feedstock comes from the western part of the country? And how can you ensure you are at the forefront of the market? 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. As of May 2022, refining capacity stands at 17.9 million barrels per day (bpd). The Canadian company, one of the worlds largest oil companies, transports about 30% of the crude oil produced in North America. As of 2018, . But over the past five years, liquid pipeline incidents have fallen by 21% while pipeline mileage and barrels delivered have increased by more than 27%. What is the biggest oil refinery in Canada? 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. There was a Shell refinery shut down in 20. Saskatchewan and Alberta also import lighter oils from the U.S. to use as a diluent in heavy crudes before shipping out via pipeline. As of 2021, it had generated a revenue of some 33.7 billion U.S. dollars in its previous fiscal year. PADD IV (Rocky Mountains) and V (West Coast) are also receivers of Canadian oil but arent able to source as large of quantities as other regions of the U.S. due to limited transportation capacity. 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. Since 2010, U.S. crude oil production has more than doubled from 5.4 million barrels a day to more than 11.5 million. U.S. Inflation: How Much Have Prices Increased? Click on each marker to view details of each refinery: Map by earthjustice. To use individual functions (e.g., mark statistics as favourites, set As a result, SCO blends typically sell at a price which is much closer to par with the WTI benchmark. Aug 9, 2022 . The North Atlantic Refinery in Newfoundland and Labrador is situated in Come By Chance, a municipality near the provincial capital of St. Johns. Canada General information. The Irving Refinery in Saint John, New Brunswick is the largest refinery in Canada, and exports considerable volumes of RPPs to the U.S. Are you interested in testing our corporate solutions? If you liked this article, we invite you to join us and hundreds of thousands of fellow Canadians on Twitter, Instagram and Facebook to learn more about the positive influence natural resources have on our daily lives and how we should be a global supplier of choice for oil, natural gas, minerals, metals, forest products, agricultural products, petroleum products and everything in between. North American consumers are now facing surging gasoline and energy prices as foreign oil is proving to be far less reliable in times of geopolitical turmoil. Access to this and all other statistics on 80,000 topics from, Show sources information Who are the leading players and what are their prospects over the forecast period? More Kate Hardin President Joe Biden's promise that the U.S. will. In 2019, for example, Canada imported $18.9 billion of oil mostly from the U.S. and Saudi Arabia, almost all of which went to these four provinces. The result was that five refineries across . Monday, August 29, 2022 The U.S. Department of Energy has announced more than $540MM in awards for research into . Discover their capabilities, progress, and commercial prospects, helping you stay ahead. Western Canadian Select (WCS) crude oil monthly price 2020-2022, Crude oil imports to Canada 2021, by region of origin, Revenue of leading Canadian oil and gas companies 2022, Global oil production 2010 & 2021, by select country. This statistic was compiled using several releases of the publication. "Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day)." Apply for, view or make payments on your Menards Big Then buff the countertops with either a baking soda paste or a retail granite . Thats just not true. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Over the past few years, more than 34 million barrels were shipped to buyers in China, India, South Korea, and Europe. The Irving refinery is unique compared with other refineries because it is a family-owned operation with no crude oil production, and a refining and marketing arm. You need a Statista Account for unlimited access. You need at least a Starter Account to use this feature. Quebec spent more than $5.5 billion on oil imports in 2019, all from the U.S. Atlantic Canada is home to just two refineries. 7:59. Pipelines in Canada: What You Need to Know, Principles, Privacy Policy & Terms of Use. Thermal coal prices faced similar regional divergences, with Powder River Basin (PRB) coal (Americas benchmark for coal) falling by 48.3% this year while Newcastle coal, which is delivered out of the port of Newcastle, Australia primarily to various Asian nations, saw prices skyrocket up by 156.6% in 2022. Mandala Tweed Stripes Shooting Star, After 2021 saw energy fuels dominate the top spots after lithium, energy fuel prices in 2022 were more volatile with more scattered returns. "The Houston Refinery is currently operating as planned," LyondellBasell said in a statement Tuesday to The Daily Caller News Foundation. ", BP, Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/ (last visited January 19, 2023), Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day) [Graph], BP, June 28, 2022. Plastics and synthetic rubber are made largely from crude oil constituents. Many refineries had no option but to idle, he said. You need to discover how this will impact the oil refinery market today, and over the next 10 years: Our 550+ page report provides 324 tables and 320 charts/graphs exclusively to you. In this case the graphic focuses in on U.S. regional benchmarks like Powder River Basin coal and Henry Hub natural gas prices. The remaining 65 per cent is diluted usually with natural gas condensate and then sold as a heavy / sour blend. How many oil refineries are shut down in the US? Canada has 17 refineries in operation, with 14 refineries that produce gasoline as well as significant oil and condensate reserves. Michigans push to shutdown Line 5 is another prime example of the importance of domestic refineries in Canada. The oil and gas industry is one of . . In 2020, the world used approximately 88.6 million barrels per day of oil, which amounted to 30.1% of the world's primary energy. After such a wild year with huge variance in commodity prices, well see if 2023 can bring some stability or if high volatility and growing regional price discrepancies will become the norm. Please create an employee account to be able to mark statistics as favorites. Location: Pacific Future is considering three options for the refinery site, all located on major water sheds. Are you interested in testing our corporate solutions? In 2021, Canada was the source of 51% of U.S. gross total petroleum imports and 62% of gross crude oil imports. 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. 2. 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). In, BP. This interactive graphic uses data from Rextag to map out crude oil pipelines and refineries across the U.S. and Canada, showcasing individual pipeline diameter and daily refinery throughput. 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. How will the market shares for each oil refinery submarket develop from 2022 to 2032? (June 28, 2022). United States Production: 18,875,000 bpd Number one on this list of the top 10 oil-producing countries is the US. Another key factor that helped keep commodity prices cool in 2022 was Chinas extended lockdowns which slowed down the countrys manufacturing and industrial capabilities. What Are These Questions You Should Ask Before Buying A Market Research Report? To help better understand these trends, U.S. All Canadians should be able to support such an initiative that would benefit not only our national economy, but the global environment as well! Too Much! Thats the truth, but how so you might ask? The Canadian company, one of the world's largest oil companies, transports about 30% of the crude oil produced . The refinery is designed to consist of five modules at a total of 1 million barrels per day. As more countries set targets to phase out gasoline and diesel vehicles, demand for key battery minerals like lithium and nickel is expected to continue to rise. We use cookies to ensure that we give you the best experience on our website. Hence, the importance of refineries to our every day lives cannot be overstated and its crucial that we address existing misconceptions some people have such as the idea that there are no refineries in Canada, or that we sell all of our oil at a discount. The Longest Crude Oil Pipeline Networks in North America. Germany is spending over $60 billion to combat rising energy prices. Uses for heavy oil and light crudes Heavy and light crudes are different products; neither is superior. I've often ondered about the lack of refineries in Canada, and why oil is shipped south for refining. . Meanwhile, the pipeline networks needed to transport this newly produced oil have only expanded by roughly 56%. We encourage you to download and share any of our infographics with your friends and family! The complex is located in Jamnagar, Gujarat, India. The facility is primarily located in Whiting, Indiana, USA, though portions of the 1,400 acres (5.7 km 2) complex span into the neighboring cities of Hammond and East Chicago. Once construction is completed, the refinery is expected to have the ability to process light and heavy crude oil from North Dakota and Western Canada. Sign up for updates about Canada's natural resource industries. to incorporate the statistic into your presentation at any time. 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. 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 . Although Ontario is not a significant producer of petroleum, the province has just over 2,300 producing oil and gas wells. . 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%. That's a record high and 45% above last year's level. In 2020, Canada reduced its reliance on imports, especially non-U.S. imports. Also in Oil and petroleum products explained Enbridge is the largest oil and gas company based in Canada. Canada Action's top five global energy supply and demand lessons of 2022. So, the crude oil inputs to the refineries averaged around 17.0 million barrels per day in 2018. Led multi-discipline . Updated Nov Cdn energy trade balance (CAD): Exports: $6.9B +$380M Imports: $1.6B +$40M Data from @StatCan_eng: https://t.co/9MoiYKL26V pic.twitter.com/iB7VUHpl5O. Forecasts to 2032 and other analyses reveal the commercial prospects In addition to revenue forecasting to 2032, our new study provides you with recent results, growth rates, and market shares. Lotus Midstream. would become more expensive due to increased import and supply chain costs. Profit from the additional features of your individual account. produces diesel and refinery input streams As COVID rocked the world economy, energy consumption plunged, and many refineries shuttered operations. Then you can access your favorite statistics via the star in the header. How will each oil refinery submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2032? process more oilsands crude than other refineries in Canada: in 2017, Alberta and B.C. So, U.S. oil production has fallen under Biden. And North America is a major oil hub. Together they have a total refining capacity of nearly 2 million barrels of oil a day. This helped reduce the demand of energy fuels in 2022, along with industrial metals like copper, aluminum, and zinc. All Canadians should appreciate and be grateful for the role that refineries have in our contemporary lifestyle and support the men and women who work hard in this industry everyday to make that happen! PADD IV does currently get all of its oil imports from Canada (about half of required supply), but has limited capacity for expanding those import volumes. Canada consumes 2,486,301 barrels per day (B/d) of oil as of the year 2016.; Canada ranks 9th in the world for oil consumption, accounting for about 2.6% of the world's total consumption of 97,103,871 barrels per day. *Includes only refineries with atmospheric crude oil distillation capacity. These refineries have a combined refining capacity of 0.30 million cubic metres per day (10 6 m 3 /d) or 1.9 million barrels per day (10 6 bbl/d). Global Oil Refinery Market (COVID Impact Analysis) by Investment CAPEX OPEX Global Oil Refinery Market (COVID Impact Analysis) by Processing Unit Crude Oil Distillation Unit (CDU) Vacuum Distillation Unit (VDU) Diesel Hydrotreating Unit (DHT) Semi-regenerative Reforming (SRR) Fluid Catalytic Cracking Unit (FCC) Sulfur Recovery Unit (SRU) Global Oil Refinery Market (COVID Impact Analysis) by Type Topping Oil Refinery Hydro-skimming Oil Refinery Conversion Oil Refineries Deep Conversion Refineries In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 4 regional and 20 leading national markets: North America Oil Refinery Market, 2022 to 2032 Market Outlook U.S. Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Canada Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Mexico Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Europe Oil Refinery Market, 2022 to 2032 Market Outlook Russia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Norway Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis United Kingdom Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Demark Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Italy Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Europe Market Forecast & COVID Impact Analysis Asia Pacific Oil Refinery Market, 2022 to 2032 Market Outlook China Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Indonesia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis India Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Australia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Malaysia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Asia Pacific Market Forecast & COVID Impact Analysis LAMEA Oil Refinery Market, 2022 to 2032 Market Outlook Brazil Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Iran Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Saudi Arabia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis South Africa Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Iraq Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Latin America, Middle East and Africa The report also includes profiles and for some of the leading companies in the Oil Refinery Market, 2022 to 2032, with a focus on this segment of these companies operations. 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Their capabilities, progress, and commercial prospects, helping you stay ahead refineries with atmospheric crude distillation. That produce gasoline as well as significant oil and gas wells over the forecast period and how much revenue these... Oil refinery markets broadly follow the macroeconomic dynamics, or will individual markets... Produced in North America account to be able to mark statistics as.! 1 million facts: get quick analyses with our professional research service and Henry Hub gas... Rising energy prices statistics as favorites refinery shut down in 20 any time importance of domestic in. Gross crude oil produced the Canadian company, one of the worlds largest oil and condensate reserves your... Submarket segment grow over the forecast period and how can you ensure are. The outset of each refinery: Map by earthjustice produce gasoline as well as significant and... No option but to idle, he said products ; neither is superior 10. 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how many oil refineries in canada 2022