SOURCE: Industrial Info Resources

May 07, 2008 05:30 ET

Investments in Hydrogen Capacity Continue to Rise, Exceeding $2 Billion in Future Spending, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Continued investments in the Petroleum Refining Industry to boost capacity of low-sulfur transportation fuels have kept the pressure on hydrogen producers to keep up investments on new capacity. Last summer, Industrial Info was tracking an estimated $1.2 billion in future investments as part of its North American Projects Database aimed at building new hydrogen capacity through grassroot construction, unit additions, plant expansions and debottlenecks. That figure is now approximately $1.9 billion and continues to grow monthly. The largest refiner-driven hydrogen project currently planned in the United States is that of Valero Energy Corporation (NYSE:VLO) for a hydrogen unit addition at its Benicia, California, refinery that could cost up to $300 million. In the Chemical Processing Industry, Air Products & Chemicals Incorporated (NYSE:APD) has plans for a grassroot hydrogen plant in Garyville, Louisiana.

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