SUGAR LAND-- July 18, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--At the beginning of this year, an estimated $760 million in combined capital and maintenance Canadian Chemical Processing Industry projects were planned to begin construction in 2008. At the halfway point in the year, an estimated 13 projects, with a total investment value of $135 million, have been identified as canceled or placed on indefinite hold. Some of the largest projects canceled or placed on hold include plans by ProLab Technologies Incorporated (CVE:PLT) (Thetford Mines, Quebec) to build a $40 million oleic acid unit at one of its specialty chemicals plant sites. Nova Chemicals Corporation (NYSE:NCX) (Calgary, Alberta) canceled plans for an expansion in Alberta. Some of the larger projects planned to begin construction during the last months of this year are plans by Air Products and Chemicals Incorporated (NYSE: APD) (Allentown, Pennsylvania) for a new 1,200-ton-per-day air separation unit. MEGlobal Canada Incorporated (Red Deer, Alberta) has plans for production growth at the Dow Chemical (NYSE:DOW) Red Deer plant site.