SOURCE: Industrial Info Resources

May 19, 2008 07:00 ET

Spending Expected to Peak in 2Q08 in North American Chemical Processing Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 19, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The North American Chemical Processing Industry (CPI) has continued to successfully buck the effects of a slowing economy, and spending for the industry is expected to peak this quarter. Of the more than $9 billion in CPI spending currently being tracked for kick off in 2008 as part of Industrial Info's North American Project Database, an estimated $3.7 billion of that spending is planned or scheduled to begin some phase of construction during the second quarter of 2008. The third quarter is the next-closest follower with an estimated $2 billion in planned construction starts. At least eight major projects, each valued at $100 million or more, are planned to begin construction during the second quarter. The largest among them are plans by ADA-ES Incorporated (NASDAQ:ADES) (Littleton, Colorado).

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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 chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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