The global rise in commodity prices, driven by reopening economies and a push for green energy, is stirring up spending in Canada's natural resources industries. This year, Industrial Info is tracking a higher degree of project spending in these sectors, which are responding to built-up demand for copper, iron ore, gold, crude, natural gas and refined products, to name a few.
Legislators in at least four U.S. states this year have filed bills aimed at aiding the coal sector. Coal-fired power plants are being retired at a rapid rate in the U.S., and the coal mining sector is seeing less domestic demand. In West Virginia, North Dakota, Montana and Wyoming, bills have been introduced bills that each take a different tack, some aimed at helping ease emissions at coal-fired power plants, and others to help prop up coal supplies at the plants, benefitting the miners.
Business is looking brighter for U.S. refineries, as civic authorities are easing up on pandemic-related restrictions and drivers are hitting the road again, bolstering demand for transportation fuel. With U.S. refineries running at about 86% capacity in mid-May, the highest rate since before the COVID-19 pandemic, plant owners are looking at maintenance projects--some of them long-delayed--to keep their facilities dependable. Industrial Info is tracking about 50 maintenance-related projects at U.S.
Industrial Info is pleased to be presenting a complimentary webinar on 2021-22 spending in the North American Food & Beverage Industry. Join Randy Godet, Industrial Info's vice president of research for the Food & Beverage Industry, and Shaheen Chohan, vice president of Global Analytics, as they cover the North American market trends and drivers that are influencing capital expenditures for 2021-22, reviewing the impact of a tumultuous 2020 and discussing the recovery expected in 2021.