Refiners, Automakers Lead in U.S. Investments Affected this Week by COVID-19

SUGAR LAND--April 30, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--With the U.S. economy shrinking nearly 5% in the first quarter, some states are desperate to reopen their businesses--to the point of brushing aside concerns from medical professionals that doing so could see a resurgence of COVID-19, which has claimed the lives of nearly 60,000 Americans to date. A recession is all but certain, with the Petroleum Refining, Industrial Manufacturing and Oil & Gas industries seeing some of the worst effects. Industrial Info is tracking more than $760 billion in active projects worldwide that have been delayed or otherwise affected by COVID-19, including nearly $160 billion worth in the U.S.

Within this article: Details on some of the highest-valued U.S. projects to be affected by COVID-19, including those from industry leaders such as Valero Energy Corporation (NYSE:VLO), ArcLight Capital Holdings LLC, Fiat Chrysler Automobiles (NYSE:FCAU) and Arena Energy LP.