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HPI Market Data 2013 Executive Summary

12.01.2012  | 

Keywords: [refining] [petrochemicals] [natural gas] [LNG] [GTL] [equipment] [construction] [spending] [engineering]


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.

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