The role of the process plant contracting industry in technological change

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Abstract

The function of process plant contractors is to design and engineer plants, supply process technology, procure plant equipment and supervise the construction and commissioning of plant for producers in various process industries such as chemicals, gas and steel. As such they play a major part in the process of capital formation and are one of the major inputs for facilitating technological change.

This paper describes recent attempts to identify the factors which determine contractor involvement and use this information as a basis for analysing the part contractors will play in developing trchnologies such as coal conversion and biotechnology.

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