The construction sector must harness the power of benchmarking if it is to end a decade of stagnant productivity, according to the manager of capital-projects consulting at petroleum and chemicals advisory AP-Networks.
The United States will have added around 64 million tons per annum of liquefied natural gas export capacity once the first wave of construction is completed in about two years, according to Industrial Info Resources.
Total project cost estimates for a typical 1.5 million ton-per-annum ethane cracker on the U.S. Gulf Coast rose 2.5% in the first nine months of 2016, according to Petrochemical Update’s third-quarter U.S. Ethylene Plant Construction Costs Quarterly Update.
As plants and crackers in the U.S. become ever larger and more expensive, project leaders can take early steps to reduce the risk of overruns, as Petrochemical Update has heard from three people with experience handling mega-projects.