Global HPI spending to reach nearly $440 B in 2020

HOUSTON (November 8, 2019)—Global spending in the hydrocarbon processing industry (HPI) is forecast to reach nearly $440 B in 2020, according to the editors of Hydrocarbon Processing, the downstream processing industry’s leading technical publication.

The HPI’s forecast was among one of the highlights of Hydrocarbon Processing’s 46th annual Forecast Breakfast. This event featured presentations on global and regional trends, regulations and initiatives that will shape spending in 2020 and beyond.

The event also marked the release of Hydrocarbon Processing’s HPI Market Data 2020, a 120-pg report that details the many factors that are shaping spending in each sector of the midstream and downstream industries, as well as a robust analysis on capital spending by every region and country around the world.

HPI Market Data 2020 is the HPI’s most trusted forecast of capital, maintenance and operating expenditures.


For more than 100 years, Gulf Energy Information has been the leading provider of business and technical knowledge for the global oil and gas industry. Since its formation in 1916, the company has evolved from a single publication—The Oil Weekly, which was dedicated to upstream activity in the Gulf Coast area of the United States—to a diversified media and market intelligence company. Gulf produces the oil and gas industry’s leading publications: World OilHydrocarbon ProcessingGas Processing & LNGPetroleum EconomistPipeline & Gas Journal. In addition, Gulf also produces datasets containing in depth project and facility data. 


Catherine Watkins, Publisher

Hydrocarbon Processing 

+1 (713) 520-4421 

Related Articles

Circular economy: Getting in the door of opportunity ahead of a vanishing polymer market

Significant change is coming to the hydrocarbons industry. Up to 43% of the global conventional polymer production expected by 2040 may disappear due to circular economy (CE) initiatives. In addition, due to the growth in wind turbines and solar panels, and in lightweight composite materials in cars and planes, advanced materials waste is just beginning.

Roundtable: The skills gap: How to bridge it and how to close it

The skills gap is not a new phenomenon for the oil and gas sector. An aging workforce and increased competition for tomorrow’s technical talent have left the industry nervous about its future. On the heels of the 2019 Global Energy Talent Index (GETI), a panel of experts came together to discuss the sector’s ongoing struggle with the skills gap and what oil and gas/energy companies can do about it.

DuPont launches new SRU technology

DuPont Clean Technologies (DuPont), supplier of world-leading scrubbing and other environmental technologies, has introduced a new, advanced steam plume suppression solution for its MECS® DynaWave® scrubbers in SRU (sulfur recovery units) applications.

Global chemical company starts up ethylene cracker

Indorama Ventures has commenced the commercial operations of its olefins gas cracker at Indorama Ventures Olefins (IVOL) plant in Westlake, Louisiana, the USA.