Trends and Resources
Industry Perspectives: New downstream project announcements drop 35% in 2016
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%.