Turnaround Surge Expected for Gulf Coast Plants in 2017

Greater Baton Rouge Business Report, February 14, 2017

Deferred turnaround work has led to a surge in planned maintenance turnarounds across south Louisiana and the Gulf Coast in 2017.  Industrial Information Resources estimates turnarounds and shutdowns are expected to increase by 5.4%, to $10.43 billion across all U.S. industrial markets in 2017, with the petroleum refining industry seeing the biggest increase. Refiners are projected to increase planned maintenance spending by 38.5%, to $1.26 billion. Additionally, the chemical sector will see a 4% increase—to $1.81 billion—and the power sector a 9.3% increase, to $3.54 billion. Before their margins fell in mid-2016, refineries were coming off a year of uninterrupted production, choosing to defer maintenance and keep everything up and running. The economics were just too good.  Now that things have slowed, maintenance issues must be addressed. 

Click here to read the full article from Greater Baton Rouge Business Report.

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