Texas, Louisiana Top States in $379 Billion Planned U.S. Industrial Project Starts in 2014

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to Industrial Info's Industrial Project Database, there are 6,322 active U.S. industrial projects totaling $379 billion that are scheduled to begin construction in 2014. That is a significant increase in planned activity when compared with 2013. At the end of January 2013, about $288 billion worth of industrial projects were scheduled to begin construction for the remainder of the year.

Click on the image at right to view a chart showing the top 10 states for planned industrial project construction starts in the U.S.

With more than 780 projects totaling about $71 billion, Texas is the No. 1 state, accounting for 19% of the value of industrial projects scheduled to begin construction in 2014. The Oil & Gas Production Industry has grown dramatically this year with 75 projects totaling $24 billion, passing the Chemical Processing and Power industries as the top industry for planned projects in Texas.

Just last month, Lone Star NGL LLC, a 50:50 joint venture between Energy Transfer Partners LP (NYSE:ETP) (Dallas, Texas) and Regency Energy Partners (NYSE:RGP) (Dallas), finished the $350 million Train No. 2 addition at the company's natural gas liquids fractionator in Mont Belvieu, Texas. S&B Engineers and Constructors Limited (Houston, Texas) was the engineering and construction firm on the project. The company is evaluating the possibility of adding Train No. 3; if approved, it could begin construction in 2014.

The second largest state is Louisiana, with 379 projects totaling $45.7 billion.

California is third-largest, with 338 projects totaling $30.5 billion.

Rounding out the top 10 is Indiana, Illinois, Pennsylvania, Ohio, Oregon, Alaska and Nevada.

For more information on Industrial Info's Industrial Project Database, call 1-800-762-3361.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.