December 2016

Trends and Resources

Industry Perspectives: New downstream project announcements drop 35% in 2016

According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%.

According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. FIG. 1 shows a Boxscore Database trend analysis on new project announcements from 2015–2016. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%. FIG. 1. Total new project announcements by region, 2015 vs. 2016.   With more than 140 projects, the Asia-Pacific region has maintained the greatest total number of new project announcements over the past two years. Nea

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