April 2016

Trends and Resources

Business Trends: Global petrochemical overview—Part 1

This series examines the global petrochemical landscape, new project developments and regional outlooks.

Nichols, Lee, Hydrocarbon Processing Staff

Over the past few years, the world has witnessed a surge in new petrochemical capacity announcements, led by the Asia-Pacific and Middle East regions. Both regions continue to build up petrochemical capacity to satisfy demand, as well as increase their downstream product portfolios. Another strong contender is the US, which has announced more than $130 B in petrochemicals project construction. The US plans to add millions of tons per year of new petrochemical capacity on the back of cheap, readily available shale gas feedstock. This two-part series will examine the global petrochemical landscape, new project developments and regional outlooks.     Dakota Gasification Co.’s Grea

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