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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \Paul_Thomas_Jan2002\Thomas, Paul D.\Inbox X-Origin: Thomas-P X-FileName: pthomas2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW0020 DEC 26,2001 5:40 PACIFIC 08:40 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) U.S. Petroleum Refining Industry Can Expect a 5% Growth in 2002 for Capital and Maintenance Spending, in an Advisory by Industrialinfo.com Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Dec. 26, 2001--The following is an advisory by Industrialinfo.com (industrial Information Resources Incorporated: Houston ). According to the recently released 2002 Industrial Outlook, the U.S. Petroleum Refining industry is expected to see an increase of 5% in annual capital and maintenance spending for 2002. This increase in spending is partially a result of environmental compliance issues requiring refineries to produce cleaner fuels and reduce Hazardous Air Pollutants (HAP's). The spring and summer of 2001 brought unusually high gasoline and crude oil prices, delaying many planned maintenance turnarounds. However, in the late summer and early fall of 2001, the high prices retracted which led to the acceleration of many of the late fall planned turnarounds. 2001 capital spending focused on the implementation of new technologies and process changes to increase product yields. With a less than optimistic outlook for margins in 2002, spending could likely be isolated to environmental and maintenance programs for the coming year. These topics and more are included in the recently released 2002 Industrial Outlook published by Industrial Information Resources and available on CD-ROM. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and database for the energy and industrial markets. For more information on trends and upcoming construction activities for the petroleum refining industry as well as other industrial sectors send inquiries to refininggroup@industrialinfo.com or visit us at www.industrialinfo.com and www.iirenergy.com --30--AA/ho* CONTACT: Industrialinfo.com, Houston Chris Paschall, 713/783-5147 KEYWORD: TEXAS INDUSTRY KEYWORD: ENERGY ENVIRONMENT OIL/GAS SOURCE: Industrialinfo.com For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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