May 2016

Trends and Resources

Global Project Data

According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 300 new downstream projects have been announced around the globe over the past year.

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 300 new downstream projects have been announced around the globe over the past year. The Asia-Pacific region maintains the greatest number of new downstream project announcements, with nearly 33% of new project announcements since May 2015. The US is a close second, with approximately 28% of new announced downstream capacity additions within that same time frame. Both regions are continuing their downstream capacity buildout. The US is maximizing cheap, readily available natural gas feedstocks to fuel its petrochemical and LNG industries, and the Asia-Pacific region is building new capacity to satisfy demand for tra

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