SOURCE: Industrial Info Resources

Industrial Info Resources

September 07, 2011 06:30 ET

Inexpensive Feedstocks, Rising Demand Lift Outlook for Project Spending in Chemical Processing Industry, a Feature of "Navigating the Currents of Change" on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - Sep 7, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A surge in scheduled project spending for ethylene plants, driven by low feedstock costs and gradually rising demand, is lifting the outlook for the Chemical Processing Industry (CPI), according to Trey Hamblet, Industrial Info's vice president of research for the industry.

Low feedstock costs are a significant reason that the industry's largest segments -- petrochemicals, plastics and specialty chemicals -- are holding up well in today's weak economy, Hamblet observed. Aside from these segments, he said the industry's positive momentum depends on maintaining high plant operating rates and on rising consumer demand for consumer goods like mobile devices and automobiles. These products drive demand for lithium compounds, catalysts, plastics and polymers.

Click here to hear Hamblet, in an exclusive "Navigating the Currents of Change" interview, discussing the positive future outlook for the U.S. Chemical Processing Industry.

Industrial Info will be exhibiting at Booth 3201 at the ChemInnovations Conference & Expo, September 12-15, at the George R. Brown Convention Center in Houston, Texas. Click here for more information or to schedule a meeting at the show.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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