Canadian Chemical Processing Industry Spending Remains Strong Despite $135 Million in Canceled Projects, an Industrial Info News Alert SUGAR LAND, TX--(MARKET WIRE)--Jul 18, 2008 -- Researched by Industrial Info Resources
(Sugar Land, Texas) -- At the beginning of this year, an
estimated $760
million in combined capital and maintenance Canadian Chemical
Processing
Industry projects were planned to begin construction in
2008. At the
halfway point in the year, an estimated 13 projects, with
a total
investment value of $135 million, have been identified as
canceled or
placed on indefinite hold. Some of the largest projects
canceled or placed
on hold include plans by ProLab Technologies Incorporated
(CVE:PLT)
(Thetford Mines, Quebec) to build a $40 million oleic acid
unit at one of
its specialty chemicals plant sites. Nova Chemicals Corporation
(NCX - News)
(Calgary, Alberta) canceled plans for an expansion in Alberta.
Some of the
larger projects planned to begin construction during the
last months of
this year are plans by Air Products and Chemicals Incorporated
(APD - News)
(Allentown, Pennsylvania) for a new 1,200-ton-per-day air
separation unit.
MEGlobal Canada Incorporated (Red Deer, Alberta) has plans
for production
growth at the Dow Chemical (DOW - News) Red Deer plant site. For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=135603, or browse other breaking industrial news stories at www.industrialinfo.com. Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com. Related News Articles Planned Chemical Plant Maintenance Turnaround Activity Stays on Course for 2008 Dow Chemical Reinforces its Future with Planned Acquisition of Rohm and Haas Newly Formed LyondellBasell Industries Aims to Make Changes, Maintain Profits Contact: Contact:
Joe Govreau
713-783-5147
Source: Industrial Info Resources
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