February 2018

Trends and Resources

Industry Perspectives: HPI project announcements analysis shows decline over past 3 yr

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 870 new projects have been announced since 2015.

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 870 new projects have been announced since 2015. However, the total amount of new project announcements has decreased each year. New project announcements have decreased from 302 in 2015 to 256 in 2016, and to 220 in 2017. This trend represents year-over-year (y-o-y) decreases of 15% and 14%, respectively. FIG. 1. Trend analysis on new project announcements by sector, 2015–2017. Source: Hydrocarbon Processing’s Construction Boxscore Database. FIG. 1 shows a trends analysis on new project announcements by sector from 2015–2017. Over the past several years, the refini

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