Industry Perspectives: New project announcements suffer in 2020 due to pandemic
Industry Perspectives: New project announcements suffer in 2020 due to pandemic According to Hydrocarbon Processing Staff According to Hydrocarbon Processing’s Construction Boxscore Database, more than 290 new projects have been announced in 2020. However, new project announcements are down nearly 36% year-over-year. The primary reason for this decline is a sharp drop in new project announcements during the height of global lockdown initiatives (March–June). Within this timeframe, the Boxscore Database recorded only 69 new projects. During the same timeframe in 2019, the Boxscore Databas...