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Project Cancellations Reach New Heights in the Chemical Industry This Year

SUGAR LAND--November 18, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--No one needs to be reminded what a challenging year 2009 has been for the Chemical Processing Industry (CPI). The amount of project cancellations identified since the start of the year highlights the trials that the industry has faced. In the United States, Industrial Info has identified more than $2.8 billion in CPI spending that was originally planned to begin construction this year that has been cancelled entirely or placed on indefinite hold. This is an increase of more than $1 billion from 2008 cancellations, when cancelled projects totaled $1.7 billion.

Other companies featured: Enterprise Products Partners LP's (NYSE:EPD), Ashland Incorporated (NYSE:ASH)

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Industry Segment: Chemical Processing
Word Count: 491 Words

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