Latest IC Index forecasts a long-term increase in construction costs despite the decrease in steel prices.
Online PR News – 21-June-2012 – Houston, TX – In its most recent update, IC Index, Intratec's free online chemical plant construction cost index, extends its projections to May-2013, demonstrating an expected increase in relation to the same period of the former year. The index growth is spurred mostly by energy prices.
From May 2011 to May 2012, IC Index has grown 0.9%. Steel prices and inflation rates increased during the same period; nonetheless, a drop of the energy prices was observed.
During the period of April 2012 to May 2012, IC index also verified a 0.9% rise, leading to its highest value since September 2008, when IC Index started descending from its historical peak.
The forecast for May-2013 IC Index presents an increase of 4.1%. Energy prices and the inflation ratio are projected to corroborate this scenario, although steel prices tend to decrease.
IC Index stands for Intratec chemical plant construction cost index, a handy tool employed, e.g., to scale capital costs, in when-to-buy decisions, procurement budgeting and rate of return analysis. It is suitable for engineers and decision-makers, as well as for university students. "IC Index users will not face such things as limited access, trials or hidden charges of any kind. It is truly a free tool," points out Mr. Felipe Tavares, CEO of Intratec.
About Intratec Solutions
Intratec (www.intratec.us) has been the unrivalled provider of techno-economic publications and process consulting for chemical and allied industries. Intratec's wide spectrum of services includes conceptualization, technical and economic analysis, process optimization, plant design and plant retrofits. With offices in USA, Mexico, Brazil and Canada, Intratec serves readers and clients wherever they need.
Intratec is the developer of the only free available Chemical Plant Construction Cost Index (IC Index) in the market. Know more at www.intratec.us/ic.