Dow Chemical has delivered a successful U.S. Gulf Coast investment program and will take lessons learned in efficient construction, capital effectiveness, costs and quality as the company looks to invest further, company executives said.
The surge in U.S supply and exports of key feedstocks crude, propane and ethane drove the first wave of downstream capital investment and resulted in an unprecedented petrochemical construction boom. Lessons on key areas such as technology, data and workforce...
U.S. plans to impose steel tariffs on imports from Canada, Mexico and the EU could threaten production of natural gas liquids (NGLs) as well as oil and natural gas, a big risk for capital investment, the American Petroleum Institute (API) said.
New downstream capital projects are expected to increase U.S. petrochemical capacity by more than 50 million tonnes of new chemical output each year, driving the need for further supply chain investment, the American Chemistry Council (ACC) said.
Oil price recovery, growing demand and increased feedstock supply are driving additional oil and gas capital projects globally, but the U.S. is now capturing the largest share of global energy industry investment, according to data released this week.
As capital projects become larger and more complicated, requiring numerous work packages distributed across multiple contractors, some owners are improving the outcome through interface management solutions.