U.S. Petrochemical Producers Prep for 120-Plus 2Q Turnarounds
Attachment: US petrochem maint 2Q24
March 28, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Chemical Processing Industry is seeing more demand for industrial chemicals, especially those used in household, automotive and other everyday items. Leading companies like LyondellBasell (NYSE:LYB) (Rotterdam, Netherlands) and Dow Incorporated (NYSE:DOW) (Midland, Michigan) are keeping their plants in shape in anticipation of stronger output.
Industrial Info is tracking more than 120 maintenance-related projects at U.S. petrochemical plants that are set to kick off in the second quarter, with more than 80% of the investment value attributed to projects in Texas and Louisiana. INEOS Limited (London, England) accounts for the single highest-valued project.
