January 18, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Inflationary fears, swinging commodity prices and unpredictable geopolitical conflicts have greeted the U.S. Chemical Processing Industry as it kicks off 2023, and careful, consistent maintenance will be necessary for producers to bolster production of high-demand products like ethylene, while meeting emission-reduction goals.

Industrial Info is tracking 250 maintenance-related projects, totaling more than $865 million in value, in the U.S. Chemical Processing Industry that are set to kick off in first-quarter 2023, the bulk of which--more than 40%--is attributed to petrochemical units. Chevron Phillips Chemical Company LLC (CPChem) (The Woodlands, Texas), which is a joint venture between Chevron Corporation (NYSE:CVX) (San Ramon, California) and Phillips 66 (NYSE:PSX) (Houston, Texas), accounts for more maintenance-related spending that any other company, followed by Dow Incorporated (NYSE:DOW), Indorama Corporation and Eastman Chemical Company (NYSE:EMN).