Planned Spending in North America's Chemical Processing Industry for 2009 Exceeds $8 Billion

SUGAR LAND--June 24, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The Chemical Processing Industry (CPI) in the United States and Canada has had its fair share of hurdles this year with record highs in crude oil. Financial market woes do not seem to be dragging down optimism for the upcoming year. Industrial Info is tracking an estimated $8.2 billion in CPI capital and maintenance projects planned to begin construction in 2009 in these two countries. This outlook is only slightly behind for 2008 when compared with the same time last year when total spending for 2008 was projected at $8.6 billion.