Fuel is a necessary requirement of global economic development.
It is no surprise that electric vehicles (EVs) are getting a lot more attention, now that carmakers have announced plans to increase production of them.
During the American Institute of Chemical Engineers’ (AIChE’s) Spring Meeting, held in Orlando, Florida in April, I was honored to sit on a panel discussion with Paul Durand from ExxonMobil and Sanjeev Kapur from Apex PetroConsultants.
Petrochemicals and gas processing/LNG sectors see largest increase in new projects.
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 450 downstream projects are under construction around the world.
The prospect of peak oil demand will put pressure on resource-rich national oil companies (NOCs).
According to Hydrocarbon Processing’s Construction Boxscore Database, Asia, the Middle East and the US contain 66% of all active downstream construction projects globally.
According to Hydrocarbon Processing’s Construction Boxscore Database and HPI Market Data 2018, total capital expenditures (CAPEX) in the global petrochemical sector are more than $440 B.
The first petrochemical-based production of ethylene occurred nearly a century ago. Since then, the industry has undergone a momentous evolution.
This issue of Hydrocarbon Processing is devoted primarily to the topic of petrochemicals; and rightly so.