Industrial Info Reports More Than 90 Chemical Projects in North America During August

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Researched by Industrial Info Resources Incorporated (Sugar Land, Texas)--In August, Industrial Info’s research staff provided new reports for 91 capital and maintenance projects planned or underway in North America’s Chemical Processing Industry (CPI). These projects equaled a combined total investment value (TIV) of nearly $3.6 billion in project investments with 79 of those projects, or $894 million, identified and reported for the very first time. In addition to the new reports released last month, the status for an additional 375 projects previously reported were updated to reflect their current status of either complete, on hold, canceled or active.

Almost half of all new project reports generated last month were for projects in the southwestern market region where the TIV also represented an overwhelming majority of the spending identified at more than $3.1 billion. A few select projects make up the biggest share of this total, such as plans by CF Industries (Deerfield, Illinois) for a coke gasification to hydrogen project in Louisiana, Gramercy Alumina LLC (Gramercy, Louisiana) for a $900 million syngas and cogen unit addition also in Louisiana plus phase two plans by Shintech Louisiana LLC (Addis, Louisiana) for their site under development in Plaquemine, Louisiana with an estimated cost exceeding $900 million. Each of these projects had been previously identified as part of Industrial Info’s North American Project Database and upgraded last month to provide more project-specific contacts or updated schedules.

Some of the largest new activities added to Industrial Info’s project database for the first time was also identified in United States’ Southwest. Air Liquide America Corporation (Houston, Texas) has invested heavily in recent years to produce additional hydrogen capacity for petroleum refiners and joins a group of others with plans for even more potential capacity in Texas. Their Pasadena, Texas, Bayport site is among the possible locations for another hydrogen unit within the next couple of years. Another major new project identified includes plans by Air Products and Chemicals Incorporated (Allentown, Pennsylvania) for a major air separation plant in or near Beaumont, Texas, to support plans by Eastman Chemical Company (Kingsport, Tennessee) for a coal-gasification plant planned to begin construction in 2009.

The number of new projects identified each month for the CPI has consistently increased in recent months, reinforcing the industry’s positive outlook for the coming year and beyond. Construction starts for major expansions and additions are taking place at record paces even despite shortages in labor and materials. Look for the release of Industrial Info’s 2008 Industrial Outlook in October for an even closer look at this industry and what to expect in the coming year.

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