The U.S. Government would like to use the principles of blockchain to track crude oil from spigot to importation, and the U.S. Customs and Border Protection (CBP) is looking for pipeline companies interested in testing this project this year.
Chemical production in the U.S. is expected to surge over the next five years, compared with the last two decades. The significant growth in output as new production capacity comes online and the challenges and innovative solutions that come with this growth...
As demand for natural gas grows rapidly around the world, the U.S is on track to become the third largest liquified natural gas (LNG) exporter in the world in 2019, behind Qatar and Australia, while U.S. exports will more than double by 2025.
More than $200 billion is expected to be invested in the U.S. petrochemical sector as the region becomes an energy exporter, and nearly half of the new projects announced since 2010 are in Texas, an industry trade association told Petrochemical Update.