The research methodology involved three stages:
- Data Collection:
Collecting cost data from an actual ethylene cracker project on the US Gulf Coast. The data was anonymized by a professional cost estimating company with experience of current project.
Data verification and review by a Petrochemical expert, in consultation with personnel from current projects. The final review stage involved gaining feedback on the data from Petrochemical Update’s network of contacts and review by our Business Intelligence team to ensure the data is suitable for benchmarking purposes.
Conclusions around project timings, delays and construction issues were provided by the project' s lead researcher, Mike Devanney. An industry insider with more than 50 years of experience in petrochemicals, Mike has worked at SRI Consulting, Lyondellbasell and IHS.
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