The petrochemical industry is an asset-heavy industry where property tax is heavily scrutinized. Production assets are niche, and range from refining, to chemical production (olefins/polyethylene/polystyrene), to specialty chemicals.

Representing clients in this industry requires experience and knowledge of each niche to value assets correctly and to understand tax implications. Incentives are heavily intertwined in project development and PTP can assist these taxpayers through all parts of the asset life cycle. We employ obsolescence studies (including bottlenecking and production capacity analysis), historic replacement vs. upgrade analysis, useful life studies, exemption analysis & maximization, and incentives analysis & support.