SOURCE: Industrial Info Resources

June 23, 2008 05:30 ET

Refining and Alternative Fuels Industries Dominate Indiana's Third Quarter Project Spending, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 23, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Spending in Indiana remains stable coming into the third quarter of 2008. During the second quarter, just under $7 billion worth of capital and maintenance projects began construction. The scheduled spending for the upcoming quarter shows that an additional $5.5 billion in construction activity is expected to begin during July, August and September. The Refining and Alternative Fuels industries account for 83% of the total amount expected to be spent on construction during the third quarter. In the Refining Industry, five projects at BP's (NYSE:BP) (London) refinery in Whiting, Indiana, account for $2.9 billion in construction.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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