The oil refinery capacities in the Netherlands stood at 1.2 Million Barrels Per Day in 2023, showing a persistent decline since 2019. Over the past five years, the average annual decrease (CAGR) has been -1.64%, with a notable drop of 1.77% from 2022 to 2023. This downward trend is forecasted to continue, with a predicted average annual decrease (CAGR) of -1.46% through 2028, resulting in an overall reduction of 7.1% in refinery capacities over the next five years.
Key trends to watch for in the future include:
• The impact of stringent environmental regulations and policies aiming to reduce fossil fuel dependence.
• Investment in and transition to renewable energy sources and the potential repurposing of existing facilities.
• Market dynamics driven by international energy market fluctuations and economic conditions influencing demand for refined products.
