Lee Nichols - Director Data Division, Gulf Publishing Company

2. US Gulf Coast Project
Construction Update
Lee Nichols, Director – Data Division, Gulf Publishing Company

3. • Detailed and up-to-date information on
active construction projects in the refining,
gas processing, LNG and petrochemical
industries across the globe
www.constructionboxscore.com

4. Total announced downstream project investments by region
2014-2025
Total investment = $1.162 Trillion
$128 B
$240 B
$64 B
$77.5 B
$158.5 B
$113 B
$381.5 B

5. Total new project announcements, 2012-2014
0
20
40
60
80
100
120
140
160
Africa Asia-Pacific Canada Europe Latin America Middle East US
2012
2013
2014
Source: Hydrocarbon Processing Boxscore Database. European
region includes Russia and the CIS.

6. Total new project announcements
by region and sector, 2014
0
10
20
30
40
50
60
70
Africa Asia-Pacific Canada Europe Latin America Middle East US
Refining
Petrochemical
Gas Processing/LNG
Source: Hydrocarbon Processing Boxscore Database. European
region includes Russia and the CIS.

7. New project announcements globally, July 2014 – February 2015
0
5
10
15
20
25
30
35
40
New Project Announcements
New Project
Announcements

8. New project announcements, by region, July 2014 – February 2015
0
2
4
6
8
10
12
14
16
18
July
August
September
October
November
December
January
February

9. Market share analysis of new projects, 2012-2014
10%, 20%, 26%, 35%
1%, 6%, 6%
8%, 8%, 9%
5%, 4%, 5%
18%, 17%, 12%
18%, 15%, 11%
30%, 24%, 22%

10. Gulf Coast new project market share, 2014-present
US vs. Gulf Coast
US - non-
Gulf Coast
US Gulf
Coast
65%
35%
Gulf Coast Market Share
Breakout
Alabama
Florida
Louisiana
Mississippi
Texas
56% 38%
4%
USGC Sector Breakdown
Refining
Gas
Processing/LNG
Petrochemical
45%
41%
14%

11. New project announcements along the Gulf Coast, 2012
Gas Processing/LNG Projects
Petrochemical Projects
Refining Projects

12. New project announcements along the Gulf Coast, 2013

13. New project announcements along the Gulf Coast, 2014 - present

14. US LNG Export Terminal Projects
1. Sabine Pass LNG
2. Freeport LNG
3. Lake Charles Exports (Trunkline)
4. Carib Energy
5. Dominion Cove Point LNG
6. Jordan Cove (Coos Bay)
7. Cameron LNG
8. Gulf Coast LNG Export
9. Gulf LNG Liquefaction
10. Oregon LNG
11. Southern LNG
12. Excelerate Liquefaction (Lavaca Bay)
13. Golden Pass LNG
14. Corpus Christi LNG (Cheniere)
15. Main Pass Energy Hub
16. CE FLNG
17. Waller LNG
18. Pangea LNG
19. Magnolia LNG
20. Trunkline LNG
21. Gasfin LNG
22. Venture Global LNG
23. EOS LNG
24. Barca LNG
25. Delfin LNG
26. Texas LNG
27. Louisiana LNG Energy
28. Strom LNG
29. SCT&E LNG
30. Downeast LNG
31. Live Oak LNG
32. Alaska LNG

15. US LNG export capacity due online by 2019 = 46 MMtpy
Project Location No. of liquefaction
trains
Capacity
Sabine Pass LNG Sabine Pass, LA 4 18 MMtpy
Cameron LNG Hackberry, LA 3 12 MMtpy
Freeport LNG Freeport, TX 2 9 MMtpy
Cove Point LNG Lusby, MD 1 5.75 MMtpy
• Second wave of projects could add an additional 30 MMtpy
• Additional trains at Sabine Pass, Freeport
• Corpus Christi LNG (greenfield)
• Outliers:
• Jordan Cove? Oregon LNG?
• Alaska LNG, Golden Pass

16. US refining capacity set to increase through 2020
• Surge in light crude refining
capacity
• Valero Expansions
• Condensate splitter
construction on the rise
• “Micro-refineries” come on
the scene
• Heavy oil projects to go
through?
• ExxonMobil – under
consideration
• Husky – halted by fire
• Marathon – delayed FID

17. US Petrochemicals

18. Major US Ethylene Projects
Company Location Capacity Start-Up
Chevron Phillips Chemical Cedar Bayou, TX 1.5 MMtpy 3Q/4Q 2017
ExxonMobil Baytown, TX 1.5 MMtpy 4Q 2016
Dow Chemical Freeport, TX 1.5 MMtpy 2017
Sasol Lake Charles, LA 1.5 MMtpy 2017
Formosa Plastics Point Comfort, TX 1 MMtpy 1Q 2017
Formosa Plastics Louisiana 1 MMtpy N/A
Occidental/Mexichem Ingleside, TX 544 Mtpy 2017
Axiall/Lotte Chemical Lake Charles, LA 1 MMtpy 2018 (HOLD)
Shell Monaca, PA 1-1.5 MMtpy 2019-2020
Odebrecht/Braskem Parkersburg, WV 1 MMtpy 2019-2020
Williams (Geismar 2) Geismer, LA 1 MMtpy N/A (PROPOSED)
LyondellBassell (expansion) Channelview, TX 275 Mtpy 2017 (Study)
Shintech Plaquemine Parish, LA 500 Mtpy 2018
LyondellBassell (expansion) Corpus Christi, TX 363 Mtpy 4Q 2015
Appalachian Resins Salem Township, OH 300 Mtpy 2019

19. Surge in US methanol projects
Company Location Capacity Cost, MM US$ Completion Date
Methanex – Geismar I Geismar, LA 1 MMtpy 550 Completed 2015
Methanex – Geismar II Geismar, LA 1 MMtpy 550 2Q 2016
Valero Norco, LA 1.6 MMtpy 700 2Q 2016
OCI (Natgasoline) Beaumont, TX 1.75 MMtpy 1,000 4Q 2016
NWIW – Port of Kalama Port of Kalama, WA 1.825 MMtpy 1,800 2018
NWIW – Port Westward, OR Port Westward, OR 1.825 MMtpy 1,000 2018
South Louisiana Methanol St. James Parish, LA 1.825 MMtpy 1,300 4Q 2016
Celanese/Mitsui – Clear Lake Clear Lake, TX 1.3 MMtpy 800 2Q 2015
Celanese – Bishop Bishop, TX 1.3 MMtpy 700-800 2018
LyondellBasell Channelview, TX 780 Mtpy 150 Completed 2013
CCI (Castleton Methanol Project) Braithwaite, LA 1.825 MMtpy 1,200 2019
Yuhuang Chemical (Plant 1) St. James Parish, LA 1.5 MMtpy 925 2018
Yuhuang Chemical (Plant 2) St. James Parish, LA 1.5 MMtpy 925 2020
Connell Group-Sino Life Ins. Corp. JV Shoal Point, TX 7.2 MMtpy 4,500 2020

20. PDH
Company Location Capacity Completion
Petrologistics Houston, TX 600 Mtpy 2010
Enterprise Mt. Belvieu, TX 750 Mtpy 1Q 2016
Dow Chemical Freeport, TX 750 Mtpy 2015
Formosa Point Comfort, TX 600 Mtpy 2016
Ascend/C3 Petrochemicals Chocolate Bayou,
TX
1 MMtpy 2017
REXtac Odessa, TX 300 Mtpy 3Q 2017
• 3.4 MMtpy of new PDH capacity by 2018
• Total CAPEX of nearly $5 billion

21. Lee Nichols
Lee.Nichols@Gulfpub.com
713-525-4626