Energy Construction Forum 2016 to examine new wave of US projects

The US is in the midst of one of the largest industry expansions to ever occur in North America. Cheap, readily available shale oil and gas is sparking a surge in the construction of new gas processing, LNG export, petrochemical and refining capacity. 

Presently, Hydrocarbon Processing’s Construction Boxscore Database is tracking nearly $350 B in active projects in the US. This includes the announcement of over 330 MMtpy of LNG export terminal capacity, dozens of new cryogenic, gas processing plants and NGL fractionators, 900 Mbpd of new refining capacity and over $130 B in announced petrochemical capital projects.

Due to the US shale gas revolution, new domestic gas processing project announcements have experienced growth of nearly 270%. Low-cost shale gas has fueled a surge in new petrochemical capacity for projects such as ethylene cracking and derivative complexes, ammonia and urea complexes, methanol, PDH units, and more. 

The surge in light-oil supply from shale basins has boosted the investment in new refining units across the US. This includes investments of nearly $8 B to process more light crude from shale production, as well as the continued build-out of secondary units for middle-distillate production, especially in hydrocracking capacity.

This new era of US construction is the primary theme in the upcoming Energy Construction Forum. The conference provides a unique and timely gathering covering all phases of major expansions and new construction projects with a focus on the challenges and solutions facing the industry today. For more information on this event, please visit the Energy Construction Forum site today!