The UK petroleum coke refinery output forecasts indicate a stable to slightly declining trend from 2024 to 2028, starting at 1.4 million tonnes of oil equivalent in 2024 and decreasing to 1.38 million tonnes by 2028. In 2023, the output was 1.42 million tonnes. This reflects a projected CAGR of approximately -0.28% from 2024 to 2028. The year-on-year variation shows a consistent albeit small decline, indicating a gradual decrease in production capacity or demand.
Future trends to watch for include potential policy changes in renewable energy, which may accelerate the decline in petroleum-based outputs, and technological advancements in refining processes that could influence productivity and output efficiency. Additionally, fluctuations in global oil prices will likely impact the economic viability of petroleum coke production.
