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| Powered by Industrial Information Resources, Inc. |
| February 09, 2010 |
Top 10 Chemical Industry Spenders for 2010
SUGAR LAND--January 29, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Every year, there is a small list of companies that generally contribute the most toward the total spending of the Chemical Processing Industry (CPI) in the United States and Canada. This year will be no exception, with the 10 top-spending CPI companies accounting for nearly a third of all the chemical projects planned to kick off during 2010, based on Industrial Info's North American Project Database. These top 10 spenders are planning an estimated $1.9 billion in total capital and maintenance projects for 2010.
Other companies featured: Air Liquide S.A. (EPA:AI), Air Products and Chemicals Incorporated (NYSE:APD), CF Industries Incorporated (NYSE:CF), The Dow Chemical Company (NYSE:DOW)
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EPC Firms Happy to See 2009 End, Wary About Coal in 2010, Busily Burnishing "Green" Capabilities
LAS VEGAS, NEVADA--January 12, 2010--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Representatives of engineering, procurement, and construction (EPC) companies exhibiting at the Power-Gen convention last month were not sorry to see 2009 end, but most weren't exactly breaking out the champagne when discussing their power business prospects for 2010. Representatives from EPC firms Black & Veatch Corporation (Kansas City, Missouri), Burns and Roe Enterprises Incorporated (Oradell, New Jersey), and Doosan Heavy Industries and Construction Company (DHI) (SEO:034020) (Gyeongsahngnam-Do, South Korea) expressed varying degrees of pessimism about the U.S. coal-fired electric power generation market in 2010.
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Power Industry Project Activity to Restart in 2010, Driven by Spending on Wind, Gas, Expansion and Maintenance
SUGAR LAND, TEXAS--February 3, 2010--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global electricity demand and power plant development activity both dipped slightly last year, but are expected to increase this year, according to a new Power Industry outlook from Industrial Info Resources. In its just-released 2010 Power Industry Outlook, Industrial Info is projecting that construction of renewable energy sources and natural-gas-fired generating units will be the leading sectors for new-build electric generation in the U.S.
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Marathon Petroleum's Detroit Refinery to Build Heavy Oil Upgrade Project
SUGAR LAND--February 3, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Marathon Petroleum Company LLC (MPC) (Findlay, Ohio), a subsidiary of Marathon Oil Company (NYSE:MRO) (Houston, Texas), is moving forward with construction of the $2.2 billion Heavy Oil Upgrade Project (HOUP) refinery expansion project, after slowing construction in February 2009 due to poor market conditions. Construction began in June 2008, but due to the economic downturn, Marathon cut its capital spending budget 24% from $7.6 billion to $5.7 billion and strategically deferred any further construction on the project, putting off the completion of the major expansion from 2010 until 2012.
Other companies featured: Fluor Corporation (NYSE:FLR)
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Total and ConocoPhillips Sanction Phase II of Surmount Oil Sands Project
SUGAR LAND--January 22, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Global oil and gas companies Total SA (NYSE:TOT) (Paris, France) and ConocoPhillips (NYSE:COP) (Houston, Texas) have sanctioned Phase II of the steam-assisted gravity drainage (SAGD) development of the Surmount project in the Athabasca oil sands region of Canada. The project site is about 60 kilometers southeast of Fort Murray in Alberta.
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