December 2014

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HP Boxscore Construction Analysis: 2014 global construction year in review: 72% growth in new projects

According to Hydrocarbon Processing’s Construction Boxscore Database, new project announcements have climbed to over 500 in 2014. This represents a 72% increase in new project announcements over ..

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, new project announcements have climbed to over 500 in 2014. This represents a 72% increase in new project announcements over the previous year. Fig. 1 shows a Boxscore Database trend analysis on new project announcements from 2012–2014. The US has seen significant growth over the past year, due mainly to the shale boom that has brought about a surge in new project investments along the downstream construction train.     Fig. 1. Total new project announcements by region,   2012–2014. The US shale gas boom has provided the US with low-cost natural gas feedstock that is fueling a su

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