01192020Sun
Last updateFri, 17 Jan 2020 3pm

End-User News

Global Downstream Processing Capital Expenditures Nears $1.9T

Next year, Hydrocarbon Processing is tracking more than 1,430 projects around the world, representing nearly $1.9 trillion in capital expenditures. The breakdown of active project market share by sector is refining—36% (522 projects), petrochemicals—35% (489 projects) and gas processing/LNG—29% (421 projects). In 2020, the hydrocarbon processing industry’s capital, maintenance and operating budgets are expected to reach nearly $440 billion.

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