December 2019

Trends and Resources

Industry Perspectives: New project announcements surpass 400 in 2019

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 400 new projects have been announced in 2019. The total represents a 25% increase in new project announcements year-over-year.

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, more than 400 new projects have been announced in 2019. The total represents a 25% increase in new project announcements year-over-year. Most of these projects were in the Asia-Pacific region, followed by the U.S. and Middle East. A breakdown of new project announcements by region include: Africa—6% (24 projects) Asia-Pacific—46% (189 projects) Canada—3% (14 projects) Western Europe—4% (18 projects) Eastern Europe, Russia and the Commonwealth of Independent States (CIS)—6% (23 projects) Latin America—3% (12 projects) Middle East—12% (48 projects) U.S.—20% (80 projects). In total, Asia, the Middle East and the

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