Texas Chemical Industry Looks for Much Better Prospects in 2010

SUGAR LAND--October 27, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--After a predictably dismal year in 2009 for the Chemical Processing Industry (CPI) in Texas, a stronger outlook for 2010 appears to be in the making. Texas CPI plant owners saw more than $900 million in projects placed on indefinite hold or canceled entirely this year. As 2010 approaches, CPI project activity currently reported in Texas shows an increase in overall capital and maintenance spending by an estimated 36%, with the total investment value totaling more than $1.5 billion. This puts Texas in a very comfortable place as the No. 1 CPI spender in the United States, followed by neighbor Louisiana, which has $1.1 billion identified so far for 2010.

Other companies featured: Huntsman Corporation (NYSE:HUN)