|
| |
|
 |
 |
 |
|
| Powered by Industrial Information Resources, Inc. |
| July 23, 2008 |
Valero Energy Selects Contractors for $200 Million Hydrogen Project at California Refinery
SUGAR LAND--July 2, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) has selected contractors to construct a $200 million, 100-million-standard-cubic-feet-per-day hydrogen plant at the company's Benicia refinery in California. SNC-Lavalin (TSX:SNC) (Montreal, Quebec) is one of several companies that were selected.
|
North American Petroleum Refining Project Investments up 240% from 2007
SUGAR LAND--July 14, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--With the price of crude oil as high as $147 a barrel these days and all the pessimistic news about the economy, one might be surprised to see that certain facets of the construction industry are still booming. As of July 7, there were 444 projects in the Petroleum Refining Industry that have kicked off this year or will start construction before year's end at North American refineries. The total investment value for all projects in this industry is more than $34 billion. If all projects move forward, this would be a 240% increase from 2007 activity. The Great Lakes region accounts for the largest amount of investments this year with $5.94 billion, mainly due to six projects at the Detroit Refinery. Detroit's division of Marathon Oil Corporation (NYSE:MRO) (Houston, Texas) has awarded the engineering, procurement and construction contract for the projects to a Fluor Corporation (NYSE:FLR) (Irving, Texas) subsidiary based in Aliso Viejo, California.
|
E&C Firms Identified in North American Industrial Projects Total $336 Billion So Far in 2008
SUGAR LAND--July 1, 2008--Since the beginning of the year, Industrial Info Resources (Sugar Land, Texas) has reported more than 1,900 major industrial projects in North America (U.S., Canada and Mexico) with engineering and/or construction firms identified. These projects represent $336 billion in total investment value (TIV). This equals about 34% of the total number of projects reported during the first six months of 2008 that had engineering and construction firms identified. The Power Industry has the most projects with E&C firms identified with 311 projects totaling $153 billion. The Metals & Minerals Industry is second with 161 projects totaling $40 billion. During the first quarter of 2008, Freeport-McMoRan's (NYSE:FCX) began operation at the newest copper mine in the U.S., in Safford, Arizona.
|
U.S. Refineries Budget $215 Million Over Next 18 Months for Maintenance Shutdowns on Gasoline and Diesel Hydrotreating Units
SUGAR LAND--June 30, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--With the rise of gas prices steadily increasing, the Petroleum Refining Industry is under more pressure in maintaining peak-performance gasoline and diesel production in regard to both quantity and quality. One of the key units used in the production process is the hydrotreating unit, which generally operates on a continual basis, with the main objective being the removal of sulfur and other compounds for purification of the refinery process stream. Looking at the next 18 months, the Petroleum Refinery Industry has $215 million of planned investments for maintenance turnaround projects on diesel and gasoline hydrotreaters.
|
North American Cement-Manufacturing Sector Evaluates $4.2 Billion in Planned Projects
SUGAR LAND--June 25, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Capital spending at cement manufacturing plants in North America is being affected by the slowdown in cement consumption, most of which can be attributed to the downturn in residential housing construction that started in 2007. For example, an Eagle Materials Incorporated (NYSE:EXP) subsidiary has deferred a major expansion in Wyoming for several years until market conditions improve. Nevertheless, North American cement producers are developing about $4.2 billion in capital and maintenance spending scheduled to begin construction in 2008 and beyond. Texas Industries Incorporated (NYSE:TXI) has completed a major expansion in California, and a CEMEX SAD de C.V. (NYSE:CX) subsidiary has completed construction on a kiln line in New Braunfels, Texas.
|
|
|
|
|
|
|
