Fuel is a necessary requirement of global economic development.
It is no surprise that electric vehicles (EVs) are getting a lot more attention, now that carmakers have announced plans to increase production of them.
During the American Institute of Chemical Engineers’ (AIChE’s) Spring Meeting, held in Orlando, Florida in April, I was honored to sit on a panel discussion with Paul Durand from ExxonMobil and Sanjeev Kapur from Apex PetroConsultants.
Petrochemicals and gas processing/LNG sectors see largest increase in new projects.
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 450 downstream projects are under construction around the world.
The increased use of opportunity crude oils in refinery processing, the growing demand for light fuel, and the efficient conversion of petroleum resources to refined fuels and basic chemical raw materials have become the basis of green and low-carbon refining technology developments.
Brahmaputra Cracker and Polymer Ltd. (BCPL) is building the Assam Gas Cracker complex in Lepetkata, India.
The prospect of peak oil demand will put pressure on resource-rich national oil companies (NOCs).
According to Hydrocarbon Processing’s Construction Boxscore Database, Asia, the Middle East and the US contain 66% of all active downstream construction projects globally.
Over the past several years, new gas processing/LNG capacity has surged in nearly every region.