Refinery Capital Spending Programs on Rise After COVID-19 Restrictions Eased

Researched by Industrial Info Resources (Sugar Land, Texas)--Refinery capital spending programs for 2021 are forecast to see an increase compared to 2020 as restrictions related to COVID-19 are lifted, thus spurring demand for refined products. Industrial Info is tracking more than $3.7 billion of project activity in the U.S. and Canada that has a construction kickoff date in 2021. The Southwest region, which includes Texas and Louisiana, home to the largest refineries, ranks as the highest spend, with almost half of the total investment value, followed by the Midwest region. Click here for a list of projects and see graph below showing project spending by market region.



Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.