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Petrochemicals Lead $70 Billion in U.S. Projects Impacted by COVID-19 So Far this Year

Petrochemicals Lead $70 Billion in U.S. Projects Impacted by COVID-19 So Far this Year

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Industry Segment: Chemical Processing | Word Count: 909 Words
Attachment: US-COVID-0221

SUGAR LAND--February 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The number of reported COVID-19 cases across the U.S. has been trending downward since early January, but new variants of the virus and a steady rise in deaths mean that many of the restrictions and recommendations on social interaction aren't going away. This is forcing companies, particularly those in the Chemical Processing and Oil & Gas industries, to make hard choices on which projects to continue, revive or halt. Since the beginning of the year, Industrial Info has added or updated the status of more than $70 billion worth of U.S.-based projects to have been affected by precautions related to the COVID-19 pandemic.

Within this year: Details on some of the highest-valued U.S.-based projects that have been delayed or otherwise affected by COVID-19 precautions, including those from major companies such as OCI Beaumont LLC, PTT Global Chemical Public Company Limited, LyondellBasell Industries NV (NYSE:LYB), Cheniere Energy Incorporated (NYSE:LNG), KBR Incorporated (NYSE:KBR), NOVI Energy and Fiat Chrysler Automobiles (NYSE:FCAU).

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