IIR: 2024 Refinery Spend Disappointing Across All Sectors, 2025 May Look Up

November 4, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Turmoil in demand cycles due to COVID; updates in funding for new environmental, social and governance (ESG)/carbon capture and storage (CCS) projects and for switchovers; and uncertainty about election outcomes. Those and other issues have delayed a significant number of refinery projects over the last five years, said Industrial Info's Hillary Stevenson, senior director, Energy Market Intelligence, at October's "2025 Market Outlook" in Baton Rouge, Louisiana.