Industry Perspectives: New downstream project announcements drop 35% in 2016
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%.
Business Trends: Global refining overview—Part 4
Throughout its overview series of the global refining industry, Hydrocarbon Processing has provided a look at the state of the refining industry, new project developments, demand outlooks for the refining sector and the move to low-sulfur fuels. The previous sections have taken a detailed look at the refining sectors of Asia-Pacific, North America and South America. This fourth and final installment analyzes major trends in Africa, Europe and the Middle East, and offers data on planned refinery capacity additions, upgrades and grassroots facilities.
Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.
Global Project Data
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 700 active refining projects around the world. The majority of these projects are located in the Asia-Pacific and Middle East regions.
Power generation and heating, ventilation and air conditioning (HVAC) specialty rental company, Aggreko Plc., and sulfuric acid alkylation technology licensor, DuPont, have collaborated to provide Aggreko temperature control, including chiller systems, to STRATCO sulfuric acid alkylation customers.