Energy Transition Breaks Asian Megaproject Appetite

Asia has for years been the last bastion of large-scale petroleum refiners, but short-term overcapacity and de-carbonization of transport fuels have raised concerns regarding the need for larger refineries. In the next three to four years, China and the Middle East are still adding fresh ability. However, most of these projects were endorsed when there remained a strong worldwide financial perspective, and the list of fresh projects authorized....