SOURCE: Industrial Info Resources

November 13, 2007 08:28 ET

Major Unit Additions, Grassroot Construction Dominate Almost Half of Total CPI Spending Identified for 2008 in North America, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 13, 2007) - Research by Industrial Info Resources (Sugar Land, Texas)--As the next calendar year quickly approaches, spending for the Chemical Processing Industry (CPI), like so many other industries, gets more and more attention. As the price of crude and energy feedstock continue to wreak havoc on financial markets and short-term operating costs, how project dollars will be allocated in 2008 becomes something of an increased priority. The rising costs of feedstock and the effect it has on related logistics can often delay plans for grassroot construction and increase the attractiveness for energy reduction and reliability projects.

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