August 2016

Columns

Editorial Comment: A historical snapshot of a complex global industry

As we move into the second half of 2016, we take stock of new project activity in the global downstream processing industry.

Nichols, Lee, Hydrocarbon Processing Staff

As we move into the second half of 2016, we take stock of new project activity in the global downstream processing industry. After all, a detailed trends analysis on new project construction can provide great insight into the strength or weakness of a country’s or region’s economy. FIG. 1 provides a macro-level analysis on new project construction from 2009 to the present. FIG. 1. New project announcements by region, 2009–2016. Source: Hydrocarbon Processing’s Construction Boxscore Database. Since 2009, new project announcements have gradually declined. Besides a spike in 2014, which was a direct effect of the construction boom in the US gas pr

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