Hydrocarbon Processing Business Trends: Insights from the <i>2020 Worldwide Fuels Refinery Performance Analysis</i> The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study). History of the HPI: The 1950s: Capacity expansion, HDPE/PP, polycarbonate, computers and rocket science The 1950s marked an evolution in the use of oil by nations around the world. Business Trends: The economics of reliability: Global chemicals Chemical manufacturers worldwide are navigating an inflection point. Following the pandemic-fueled demand crash of 2020, a strong but stilted recovery unfolded in 2021. Industry Perspectives: 1Q project announcements this year down vs. 1Q 2021 New capital project announcements are down 27% in 1Q 2022 vs. 1Q 2021. Global Project Data Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,100 projects around the world, totaling more than $1.8 T in active capital project investments. History of the HPI: The 1940s: Global conflict, FCC, 100 octane, synthetic rubber—Wartime necessitates advancing technologies Hydrocarbon Processing continues its look at the history of the hydrocarbon processing industry (HPI). Web-based software for predicting crude compatibility and optimization for increasing heavy oil processing Refineries in oil-importing nations typically process a blend of crude oils, rather than a single crude oil, to ensure that an optimum product mix can be obtained at the minimum costs. Industry Perspectives: Capital investments/major trends affecting the global HPI In late January, Tyler Campbell, Associate Editor, Hydrocarbon Processing, Gas Processing and LNG, and H2Tech, presented an update on the global capital construction landscape at the Engineering and Construction Contracting (ECC) Extra Conference in New Orleans, Louisiana (U.S.). Construction Eni plans to launch its 3.4-MMtpy FLNG vessel offshore Mozambique this year. The Coral Sul FLNG vessel is being built by Samsung Heavy Industries. History of the HPI-Up to the 1930s: Whales, lamps, automobiles, plastics and war Over the next 10 mos, Hydrocarbon Processing will provide a detailed history of the origins and evolution of the hydrocarbon processing industry (HPI).