May 2021

Trends and Resources

Industry Perspectives: Will capital investments increase in 2021 and beyond?

Over the past several years, the world witnessed a significant increase in downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI). However, the COVID-19 pandemic caused a significant decline in demand for transportation fuels and certain petrochemical value chains.

Nichols, Lee, Hydrocarbon Processing Staff

Over the past several years, the world witnessed a significant increase in downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI). However, the COVID-19 pandemic caused a significant decline in demand for transportation fuels and certain petrochemical value chains. As governments start to ease lockdown measures, how has the global capital expenditure market been affected and what are the major trends for the rest of 2021 and beyond? These topics will be tackled during Hydrocarbon Processing’s Market Outlook: 2021 Update webcast. On June 17, the webcast will take a deep dive into capital projects around the world and how spending has been affected by COVID-19

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