April 2019

Trends & Resources

Industry Perspectives: New project announcements up nearly 28% in 1Q 2019

According to Hydrocarbon Processing’s Construction Boxscore Database, new project announcements are nearly 28% higher in 1Q 2019 compared to 1Q 2018.

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, new project announcements are nearly 28% higher in 1Q 2019 compared to 1Q 2018. From January–March 2019, nearly 90 new projects have been announced around the world (FIG. 1). The Boxscore Database tracked 68 new project announcements within the same timeframe in 2018. FIG. 1. New project announcements per month, 1Q 2018 vs. 1Q 2019. Source: Hyd Most of the new projects announced have been in the Asia-Pacific and US regions. Combined, these two regions comprise approximately 60% of new projects announced this year. The following is a breakdown of new project market share thr

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