From Yahoo Finance.: 2025-06-16 10:12:00

Asia is set to dominate global liquids storage capacity additions by 2030, with China, India, and Malaysia leading the way. China is expected to contribute nearly 35% of Asia’s capacity additions, focusing on refinery terminal-type projects. India will also add significant capacity, with Strategic Petroleum Reserve projects playing a key role in enhancing energy security.

China’s Zhoushan V Expansion project, led by Zhejiang Petrochemical Co Ltd, is a major player in the country’s liquids storage capacity growth, with a capacity of 132 million barrels expected by 2028. India’s Bikaner and Chandikhol projects will add around 195mbbl of capacity by 2030, further strengthening the country’s energy security in emergencies.

For more insights on global liquids storage projects, refer to GlobalData’s report on Liquids Storage New Build and Expansion Projects Analysis by 2030. The data highlights key countries, development stages, and forecasts in the liquids storage market. China’s role in driving Asia’s liquids storage capacity growth is a key focus for the industry.



Read more at Yahoo Finance.: China to drive Asia’s liquids storage capacity growth through 2030