October 2017

Trends and Resources

Industry Perspectives: What is the future of the global HPI?

Over the past year, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).

Nichols, Lee, Hydrocarbon Processing Staff

Over the past year, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI). The majority of this growth took place in Asia-Pacific, the Middle East and the US. These three regions will continue to invest billions of dollars to increase oil and gas processing capacity into the early 2020s. Although the Asia-Pacific, Middle East and US regions will be the leaders in the development of downstream processing capacity, other regions are investing in additional distillation and secondary units construction, petrochemical capacity and LNG liquefaction and regasification terminals. These investments are ensuring that global demand

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