(8a) U.S. CAPEX: A Post-COVID World

Many aspects of the hydrocarbon processing industry (HPI) have changed since COVID-19. Despite significant declines in fuels and petrochemicals demand globally, future consumption is forecast to rebound in 2021 and beyond. The same trend is also apparent in global capital expenditures. This presentation will detail the current state of the global HPI projects construction industry, with a focus on capital spending in the U.S. midstream and downstream processing industries.