U.S. Petrochemical Sector Preps for Maintenance on Busiest Units

June 23, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Major players in the U.S. petrochemical sector are preparing for maintenance turnarounds at some of their biggest facilities in the third quarter of 2023, to ensure quality output of heavily demanded products such as ethylene, propylene and their derivatives. Industrial Info is tracking about 50 maintenance-related projects at U.S. petrochemical facilities that are set to kick off in the third quarter, totaling nearly $270 million in value.

More than half of the investment is attributed to projects from Chevron Corporation (NYSE:CVX) and Dow Incorporated (NYSE:DOW). Other companies featured include Chevron Phillips Chemical Company LLC, Phillips 66 (NYSE:PSX), Saudi Aramco and LyondellBasell (NYSE:LYB).