Chemical Industry Carries Nearly $3 Billion of Momentum into New Year
SUGAR LAND--November 24, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The economic troubles of the last 18 months have pressured many chemical plant owners in the United States and Canada to delay or postpone a significant number of both capital and maintenance projects into the approaching year. The common hope that each plant owner holds is that economies, both domestic and abroad, are improving enough to put a great number of these projects back on the drawing board for 2010. Based on Industrial Info's North American Project Database, there is currently an estimated $3 billion in capital and maintenance projects planned to begin construction in 2010 that were originally planned to begin construction in 2009 or earlier.
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Industry Segment: Chemical Processing
Word Count: 507 Words
Attachment: IIR Chart - CPI Projects Planned for 2010 Delayed from Prevous Years
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