Business & Economics :: Design, Engineering & Construction
April 1, 2010
The Road to Recovery
EPCs sense a slight uptick in activity due to interest in biomass and renewables projects, as well as revamp projects in sectors that are still thriving
Like most other businesses, engineering, procurement and construction (EPC) firms have felt the pinch of the economic downturn. While EPCs that specialize in building processing plants are optimistic that recent global interest in renewable and bioprocessing projects to create alternative fuels, power and chemicals may fill some of the void, most say they will continue to pursue work in markets where they are already established for a variety of reasons. Among the concerns are the high-risk profiles and technical challenges associated with biomass and renewable projects and the continued need for other types of processing and power facilities.
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