Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 700 active refining projects around the world. The majority of these projects are located in the Asia-Pacific and Middle East regions. Over the past year, new refining projects have eclipsed 80, with the majority in the Asia-Pacific region. However, over the past five months, new project announcements have fallen each month. When active refining project activity level is examined, the overwhelming majority are in the pre-construction phases. Nearly 40% of refining projects are under construction, with the remaining projects in planning, study, engineering and FEED stages. HP
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