Two transformative drivers—global economic growth averaging more than 3%/yr and the world population expanding to more than 9 B by 2040—will have the net effect of adding another India and China to today’s global energy demand.
When a vessel containing a flammable liquid under pressure (such as those in an LNG road tanker truck) ruptures and ignites, a vapor fireball explosion can occur.
According to recent statements of leading Japanese analysts in the field of refining and the country’s largest producers, the Japanese refining industry is moving towards consolidation and an increase in efficiency.
In the January issue of Hydrocarbon Processing, the editorial comment focused on the roadmap to advancing ideas.
If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.
Data provided by Construction Boxscore.
According to Hydrocarbon Processing’s Construction Boxscore Database, more than 320 new projects have been announced in the downstream processing industry over the past year.
New project announcements, August 2017–Present
Active project market share by region
For additional downstream construction project data, visit Construction Boxscore.
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