Owneroperator priorities have shifted dramatically. As challenging economic times, the war on terror, and sectorspecific woes buffet the process and power industries, cutting costs has become the number one priority of almost everyone in the industry. True, some principally in the oil and gas sector continue investing in big projects, but most are cutting costs by upgrading or optimizing existing facilities, especially where there is an opportunity to get quick returns for relatively small upfront investments.

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