Lee Nichols, Vice President, Content/Editor-in-Chief
Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,200 active projects in the hydrocarbon processing industry. These projects represent more than $2 T in potential capital investments. At 40%, the Asia-Pacific region more than doubles the nearest competitor in active project market share. Most projects within Asia are in China and India. The Asia-Pacific region is followed by the U.S. (14%) and the Middle East (13%). While the Middle East’s projects are spread evenly between the refining and petrochemicals sectors, U.S. project market share is led by the refining and gas processing/LNG sectors. Most refining projects are focused on new renewable diesel and sustainable aviation fuel projects, while the country continues to have dozens of gas processing plants and LNG export terminals under development. HP