September 2007

Trends and Resources

HP In Brief: HPIn Brief

  HPI spending marches upward Continued growth for the HPI is expected to lead to increased global spending in 2008. The industry's capital, ma..

Weirauch, Wendy, Hydrocarbon Processing Staff

  HPI spending marches upward Continued growth for the HPI is expected to lead to increased global spending in 2008. The industry's capital, maintenance and operating budgets are forecast to surpass $208 billion, according to HP's newly updated Market Data Book. This is an increase of $13.2 billion from forecast 2007 spending. Concerns over sustainability, energy security, CO2 capture initiatives and logistical distribution capabilities are key drivers of these expenditures. Although HPI companies are using cost containment measures, they are spending more money for new plants, retrofitting and substantial

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