Monday, May 1, 2023

New petrochemical projects are expected to have a shortage of workers and supplies which will lengthen the time it takes to complete.

Happy Monday and glad to see you, after such a busy weekend! 

Did anyone read the newsletter article from Reuters Events Downstream last week called, “Worker availability for new petrochemical projects tight with some construction materials in short supply”?  The article is about the numbers for the second quarter are coming out early from the Associated General Contractors of America and they aren’t good.  There is a short supply of skilled workers for construction of new petrochemical projects and maintenance as well as some supplies like cement and electrical equipment.  With the shortage of workers and short supply of cement new projects are expected to take longer to complete.   Texas and Louisiana have had an influx in the number of skilled workers, but they still need more.  As for supply delivery times have increased for switchgears, transformers, and other specialized electrical equipment, and should be considered when setting the timeline on a project. Prices for skilled workers like electricians have increased 20 percent, and cement has increased 15 percent compared to the prices from the last year.  Projects scheduled now are expected to take longer than before the pandemic due to the shortage of skilled workers and cement and other supplies.  If you would like to read more from the article in the Reuters Events Downstream, please click the link: Worker availability for new petrochemical projects tight with some construction materials in short supply | Reuters Events | Downstream. 

If you would like to discuss a project idea you have, contact us.   We also have a team of inspectors to help your project or turnover keep up with best practices.   Contact us by clicking the link in the Blog or going to our website.  We look forward to helping you!

We hope you have a great night and rest of your week!

*Disclaimer – please note there may be a fee involved to see this article in Reuters Events Downstream Newsletter.