September 2006

Trends and Resources

HP Impact: HPImpact: Construction activity, maintenance spending dominate downstream

The growth of construction activity in the HPI is unlike anything seen since the late 1970s. Sustained high prices for refined, petrochemical, and gas processing products and commodities are driving i..

Weirauch, Wendy, Hydrocarbon Processing Staff

The growth of construction activity in the HPI is unlike anything seen since the late 1970s. Sustained high prices for refined, petrochemical, and gas processing products and commodities are driving increases in capital expansions to meet continued strong global demand. Because the financing of new construction projects depends on the profitability of owner/ operators, the sustained (and record) earnings of oil companies and gas processors, along with petrochemical manufacturers' increased profitability, are major contributors to the huge buildup of new projects. The HPI Construction Boxscore provides construction project information received directly from owners, licensors, engineering

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