June 2018

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Industry Perspectives

Petrochemicals and gas processing/LNG sectors see largest increase in new projects.

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 320 new downstream capital projects have been announced over the past year (Fig. 1). Since May 2017, new project announcements have averaged nearly 25 per month. The majority of these new projects are within the gas processing/LNG and petrochemical industries. A breakdown of each sector includes:  Gas processing/LNG—41% (133 projects) Petrochemicals—39% (127 projects) Refining—20% (61 projects). With more than 110 projects, the Asia-Pacific region continues to lead in new project announcements. China and India are the leaders in new capacity additions. Additional countries investing heavily in downstre

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