Businesses and governments around the world have united behind the vision of a circular economy for plastics.
To operate reliably and profitably, oil refineries, petrochemical plants and gas processing facilities must avoid equipment failures.
Shell-and-tube heat exchangers (STHEs) are the most common heat transfer process equipment in all types of industrial plants.
The 1950s marked an evolution in the use of oil by nations around the world.
In May 2021, Phillips 66 started up a new methyl diethanolamine (MDEA)-based tail gas unit at its Belle Chasse, Louisiana, refinery.
According to an industry report published by McKinsey and Co., accelerating the decarbonization of the U.S. economy to achieve net-zero targets by 2050 will require approximately $275 T of cumulative capital spending over the next 30 yr.1
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, April 2020–June 2021
Active project market share by activity level
For additional downstream construction project data, visit Construction Boxscore.