October 2018

Trends & Resources

Global Project Data

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 320 new projects have been announced in the downstream processing industry over the past year.

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 320 new projects have been announced in the downstream processing industry over the past year. With more than 110 projects, the Asia-Pacific region leads in new project announcements. China and India are the leaders in new capacity additions. However, other Asia-Pacific nations are also investing heavily in downstream capacity buildouts, including Indonesia, Malaysia, the Philippines, South Korea and Thailand. The US follows the Asia-Pacific region with a 26% market share in new project announcements. The US is focused primarily on boosting domestic petrochemical and gas processing/LNG capacity. HP

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