Over the past two decades, annual global demands for refined products and basic petrochemicals have increased by approximately 1.3% and 3.5%, respectively.
Globally, crude oil is trending toward being heavier; the proportion of heavy crude oil reserve is expected to be 50% of the entire recoverable oil reserve moving forward from 2020.
Bottoms product from fluidized catalytic cracking (FCC) is typically one of the least valuable products from a refinery.
Over the past year, the Global Energy Infrastructure database has tracked more than $180 B in new project announcements.
The COVID-19 pandemic can be viewed as one of the most challenging periods in the history of the oil and gas sector. Refineries worldwide faced difficult times operating at their turndown capacities or even temporarily shut down units at the refinery.
Are your reactor yields lower than forecast? Does your fixed-bed catalytic reactor suffer from hotspots?
Data provided by Global Energy Infrastructure.
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,100 projects around the world. At 40%, the Asia-Pacific region holds the largest market share in total active projects followed by the Middle East and the U.S. These three regions represent nearly 70% of all active projects in the hydrocarbon processing industry.
New project announcements, June 2021–Aug. 2022
Active project market share by activity level
For additional downstream construction project data, visit Global Energy Infrastructure.