U.S. Petrochemical Plants Prep for Maintenance as Demand Soars

U.S. Petrochemical Plants Prep for Maintenance as Demand Soars

June 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As demand for end-use products continues to climb, petrochemical producers across the U.S. are tuning up their production plants so they can more efficiently create the building blocks for everyday household items found in the kitchen, TV room, garage and always-cluttered workspace.

Industrial Info is tracking more than $570 million worth of maintenance-related projects at petrochemical facilities across the U.S. that are set to begin in the third quarter, more than 70% of which are in Texas and Louisiana. Chevron Phillips Chemical Company, a subsidiary of Chevron Corporation (NYSE:CVX) and Phillips 66 (NYSE:PSX), is among the top spenders with just a single project as is Indorama Corporation.

Other companies featured: Dow Incorporated (NYSE:DOW) and Westlake Chemical (NYSE:WLK)

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