SOURCE: Industrial Info Resources

November 21, 2007 04:00 ET

Chemical Processing Industry Forecast to Spend Record Amount on Planned Maintenance Turnarounds in 2008, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 21, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- There are a large number of aging plants in the North American Chemical Processing Industry (CPI) that require an increasing amount of time, attention and investment to continue operating efficiently and safely. Maintenance projects and spending for related planned plant maintenance turnarounds have continued to increase in recent years with the expectation of the highest level of spending yet to occur in 2008. There are more than 3,800 CPI plants currently operating in the United States and Canada with almost one-third of those built before 1960 and more than two-thirds built before 1980.

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