January 2011

Trends and Resources

HP Impact: Refinery and petrochemical construction costs continue measured rise

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 ..

Thinnes, Billy, Hydrocarbon Processing Staff

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.The IHS CERA DCCI is a proprietary measure of project cost inflation similar in concept to the Consumer Price Index (CPI). It provides a benchmark for comparing costs around the world and draws upon proprietary IHS and IHS CERA databases and analytical tools. The current DCCI rose from 175 to 180 over the past six months. The values are inde

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