2018

Engineering and Construction

Building for the future: An analysis of global capacity additions

Over the past several years, the world has witnessed significant capacity growth in all sectors of the downstream hydrocarbon processing industry (HPI). The majority of this growth has taken place in Asia-Pacific, the Middle East and the US

Nichols, Lee, Hydrocarbon Processing Staff

Over the past several years, the world has witnessed significant capacity growth in all sectors of the downstream hydrocarbon processing industry (HPI). The majority of this growth has taken place in Asia-Pacific, the Middle East and the US. These three regions will continue to invest billions of dollars to increase oil and gas processing capacity into the early 2020s. Although the Asia-Pacific, Middle East and US regions will invest heavily in new production capacity, other regions, such as Africa and Europe—primarily Eastern Europe, Russia and the Commonwealth of Independent States (CIS)—are striving to invest in additional downstream capacity to satisfy increasing fuels and plastics dema

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