Refinery and petrochemical construction costs continue measured rise
01.01.2011
| Thinnes, Billy, Hydrocarbon Processing Staff, Houston, TX
Keywords:
[construction]
[economics]
[refinery]
[costs]
[commodity prices]
[dollar]
The costs for designing and constructing downstream refining and petrochemical projects rose 3% from Q1 2010 to Q3 2010, according to the latest edition of the IHS CERA Downstream Capital Costs Index (DCCI). It was the third straight increase for the index since prices bottomed out at 9% below peak 2008 levels. Costs are now just 4% below their 2008 peak.
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