Industry Perspectives: China holds nearly half of all petrochemical projects in Asia
Over the past decade, the Asia-Pacific region has been the leader in total active projects in all sectors of the downstream processing industry.
Industry Metrics
US refinery margins showed seasonal y–o–y growth, mainly supported by gasoline and diesel stocks drawdowns due to refinery maintenance.
Global Project Data
According to Hydrocarbon Processing’s Construction Boxscore Database and HPI Market Data 2018, total capital expenditures (CAPEX) in the global petrochemical sector are more than $440 B.
Innovations
Ross Systems and Controls (SysCon) recently completed the qualification to self-certify its touchscreen purged panels as meeting the rigorous standards of Underwriters Laboratories’ UL-698A Code and the National Fire Protection Association’s NFPA-496 Code.