The Middle East is set to experience substantial fluid catalytic cracker unit (FCCU) capacity additions, contributing over 25% of the global total by 2030, driven by rising demand for refined products and export ambitions. Iran is expected to lead this growth, accounting for nearly 40% of the region’s capacity increases, primarily due to investments in major refineries like Jask II and Basra II, with the latter aiming to reduce import dependency. These developments underscore the region’s strategic focus on leveraging its vast oil reserves to boost domestic production and exports of petroleum products.
