SOURCE: Industrial Info Resources

Industrial Info Resources

March 19, 2010 05:00 ET

West Virginia, Ohio Lead Nation in 1Q Project Cancellations as Other Projects Develop, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 19, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- To date, Industrial Info has tracked more than $43 billion of projects that were originally scheduled to kick off in the first quarter of 2010, but were subsequently placed on hold or cancelled. In terms of value, Wisconsin leads the U.S. for "on hold" projects, primarily because of Murphy Oil Corporation's (NYSE:MUR) (El Dorado, Arkansas) delaying the sour crude conversion at the company's Superior, Wisconsin, refinery because of economic conditions. Texas follows with more than $5.5 billion of "on hold" projects. In terms of flat-out project cancellations, however, West Virginia and Ohio, each with about $3.5 billion of project cancellations, tower above other states.

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