March 2020

Trends and Resources

Industry Perspectives: New petrochemical projects flat year-over-year

New perochemical project announcements plateaued year-over-year (y-o-y), according to data from Hydrocarbon Processing’s Construction Boxscore Database.

Nichols, Lee, Hydrocarbon Processing Staff

New perochemical project announcements plateaued year-over-year (y-o-y), according to data from Hydrocarbon Processing’s Construction Boxscore Database (FIG. 1). From January 2018–February 2019, the Construction Boxscore Database recorded 144 new petrochemical project announcements globally. Within the past year, new petrochemical project announcements slightly decreased to 141. FIG. 1. New petrochemical project announcements by region, 2018–2020 Over the past 2 yr, the Asia-Pacific region has dominated in new petrochemical project market share. The region has represented nearly half of all new petrochemical projects since January 2018. Most o

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