August 2016

Trends and Resources

Global Project Data

New downstream project announcements have continued to decrease since April.

Nichols, Lee, Hydrocarbon Processing Staff

New downstream project announcements have continued to decrease since April. Although the trend in new project announcements is in decline, the downstream processing industry has announced more than 250 projects over the past year. The majority of these projects are located in the Asia-Pacific and US regions. These two regions account for nearly 65% of all new project announcements since July 2015. In Asia, new project market share is dominated by China and India. This activity includes new capacity builds in the refining and petrochemical sectors, as well as new LNG import terminal construction. In the US, project developers are continuing to boost petrochemical capacity and construction of

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