Strength in North American Chemical Industry Promotes Project Restarts

SUGAR LAND--April 14, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--The continued strength of the Chemical Processing Industry in North America as a result of abundant shale gas resources has driven active spending to a new historical high in recent years. Even in the wake of a slowdown in the Oil & Gas Industry and worries of demand from the China market slowing, new capacity projects in the CPI continue to be discovered, and previously cancelled projects have been resurrected. Industrial Info is currently tracking six capital projects in the U.S. and Canada worth approximately $446 million that previously were placed on-hold or cancelled and have since returned to an active status since January 2016. These project restarts are in the planning, engineering or under construction stages. Within this article: Provides details on two recent construction restarts.