March 2024Global Project Data

HP Tagline--FOB--Global Project DataSpotlight on petrochemicalsLee Nichols, Vice President, Content/Editor-in-Chief Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,100 active projects in the hydrocarbon processing industry (HPI). The petrochemicals sector holds a nearly 40% market share in active projects globally. At more than 50%, the Asia-Pacific region more than doubles the nearest region (Middle East) in total active petrochemicals project market share. Many Asian countries are investing heavily to increase production capacity to satisfy increasing demand for petrochemical products. The leaders in the region are China and India. Together, these two nations account for 76% of total active petrochemicals project market share in the region. Following the Asia-Pacific region in total active petrochemicals project market share are the Middle East; Eastern Europe, Russia and the Commonwealth of Independent States (CIS); and the U.S. When analyzed by project status, it is a near even split on projects that have begun construction vs. those conducting preconstruction activities (e.g., feasibility studies, front-end engineering design). HPHP0324-Global-Project-Data-Fig-01HP0324-Global-project-data-Fig-02HP0324-Global-project-data-Fig-03CoverAd—APIContentsAd—Shell MEMMMastheadAd—Honeywell UOPEditorial CommentAd—MerichemGlobal Project DataAd—Grace (runway)InnovationsAd—Roto FlowBusiness Trends (Gulf Petrochemicals)Ad—Total EnergiesExecutive Viewpoint (W. R. Grace)Ad—AxensSpecial Focus openingAd—SulzerSPECIAL FOCUS—Bermejo (Linde Engineering)Ad—Saint GobainSPECIAL FOCUS—Borny (Lummus Technology)Ad—Equity Engineering Group HVSPECIAL FOCUS—DiveyAd—Auma HVProcess Optimization—Garg (Reliance Industries)Ad—Rembe HVCatalysts—Perez (Cepsa R&D, W. R. Grace)Ad—Curtiss Wright HVPDECC—Tiwari (Bechtel Energy)Ad—IRPCHydrogen—Al-Qahtani (Saudi Aramco)Ad—GEI Excellence AwardsLNG—Awasthi (Emerson)Ad—CCS Strategy (PE Event)VPCT—Garcia (Kuraray America Pasadena)Ad—WGLC 2024PCIA—Tamboli (The NEWTRON Group)Ad—PE Outlook 2024Environment and Safety—KhanAd—HPI Market Data 2024Tanks, Terminals and Storage—Schraeyen (Owens Corning)Ad—H2T CircSales OfficeAd—HP Circ (Back Cover)