Petrochemical Projects Lead $2.9 Billion Planned Industrial Spending in Harris County, Texas

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). The petrochemical industry continues to dominate future capital and maintenance spending in Harris County, Texas. Industrialinfo.com is tracking 143 projects in Harris County, Texas, representing more than $2.9 billion in total investment value (TIV). These projects are scheduled to begin construction for the most part in 2005 and 2006. The majority of these projects, about 70%, are capital expansions and upgrades in the pre-approval stage.

Thirteen percent of these projects, totaling $628 million, have been approved. This includes a $200 million gasoline desulfurizer unit addition at Lyondell-CITGO Refining LP's Houston refinery. This project is being constructed so that the refinery can meet the EPA's Tier II gasoline mandate. The remaining 17% are maintenance related.

The Petroleum Refining Industry leads the way with 31 projects and a cumulative TIV of $856 million. Big spenders for this industry in Harris County include Deer Park Refining Company LP, owned by Mexico's PEMEX, Lyondell-CITGO Refining LP, and Valero Refining Company.

Click on the image at right to view a chart showing Harris County industrial spending by industry.

The Chemical Processing Industry is next, with 53 projects with a cumulative TIV of $792 million. Leading spenders in this industry are Lyondell Chemical Company, EVAL Company of America, and Air Liquide America Corporation.

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