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SUGAR LAND, TX (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- At the beginning of this year, an estimated $760 million in combined capital and maintenance Canadian Chemical Processing Industry projects were planned to begin construction in 2008. At the halfway point in the year, an estimated 13 projects, with a total investment value of $135 million, have been identified as canceled or placed on indefinite hold. Some of the largest projects canceled or placed on hold include plans by ProLab Technologies Incorporated (CVE: PLT) (Thetford Mines, Quebec) to build a $40 million oleic acid unit

BEIJING (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- China Petroleum & Chemical Corporation (NYSE: SNP) (Sinopec) (Beijing) and Zhenhai Petrochemical company Limited have begun construction on an upgrade project to boost Zhenhai Petrochemical's refining capacity by more than 490,000 barrels per day (BBL/d). The company is also working on a $3.24 billion, 1 million-ton-per-year ethylene project.