ENERGY TIME: CHARTING A COURSE FOR THE FUTURE
The hydrocarbon processing industry (HPI) is
a global business with a 100-year history. Much has changed
since the early days when crude oil was stripped to recover
kerosine for lighting purposes. The HPI has been the vehicle by
which nations have advanced economic growth and created wealth.
The HPI includes crude oil refineries, petrochemical facilities
and gas processing/liquefied natural gas (LNG) installations.
The petrochemical industry grew out of
developments from the early natural gas and petroleum refining industries. LNG and natural
gas are key parts of the electrical power generation industry.
The HPI is well ingrained in the global economy and in the
gross domestic product of all nations.