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Released June 08, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Mid-Atlantic region is looking at about $5.75 billion in projects set to begin construction in the third quarter of 2015, according to Industrial Info's project database, with a substantial amount attached to natural gas-fired power projects and a much-anticipated carbon fibers plant. More than three-quarters of the amount is attributed to four industries: Power, Metals & Minerals, Industrial Manufacturing, and Food & Beverage.
Click on the image at right for a graph detailing active projects scheduled to kick off in the third quarter of 2015 in the U.S. Mid-Atlantic region by industry.
The Mid-Atlantic region includes the Carolinas, Maryland, Virginia and West Virginia.
The Power Industry boasts $1.54 billion in projects set to kick off in the Mid-Atlantic region in the third quarter, although almost half is attributed to a single project: Genesis Power LLC's (Needham, Massachusetts) $760 million construction of the Keys Energy Center in Brandywine, Maryland. The combined-cycle, natural gas-fired power plant will include two 235-megawatt (MW) Siemens AG (NYSE:SI) SGT6-5000F5 combustion turbines with duct-fired heat-recovery steam generators, and a 300-MW Siemens condensing reheat steam turbine generator . It is expected to be completed in third-quarter 2017.
The Metals & Minerals Industry is not far behind, with about $1.12 billion in projects set to begin construction from July through September, although almost all of it is attached to Toray Industries Incorporated's (Tokyo, Japan) $1 billion carbon fibers plant in Moore, South Carolina. The project, which has faced some opposition from local residents, is expected to produce 1,800 to 2,000 metric tonnes per day of carbon fibers, eventually expandable to 3,600 tonnes per day. Clayco Construction Company (St. Louis, Missouri) is performing general construction services on the project, which is set to be completed in fourth-quarter 2016.
The Industrial Manufacturing Industry has more than $1.01 billion in projects expected to kick off in the Mid-Atlantic region in the third quarter, almost $400 million of which is attributed to the region's booming automotive industry. The bulk of the latter number comes from BMW of North America Incorporated's (Spartanburg, South Carolina) $150 million, second-phase expansion of its assembly plant in Greer, South Carolina. The 700,000-square-foot body shop addition is expected to increase plant capacity 50% to 450,000 vehicles by the time it is completed in the fourth quarter of 2016.
For more information, see June 8, 2015, article - North and South Carolina Compete for the Automotive Dollar.
The Food & Beverage Industry has $775 million in projects set to begin construction, the largest of which is GrowGreen Power Incorporated's (Raleigh, North Carolina) $230 million construction of a hydroponic greenhouse and processing plant in Greensboro, North Carolina. The facility will include a tomato greenhouse and processing, packaging and cold storage facility. It will be adjacent to GrowGreen's planned, 49-MW biomass power plant, which to be completed in second-quarter 2017.
Half of the region's total investment value (TIV)--about $3.3 billion--is related to 86 projects that are now in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. The region also has 33 projects worth about $2.16 billion in the engineering stages, while 121 projects worth $312 million already have kicked off the first stage of construction and will kick off the next in the third quarter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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.
Click on the image at right for a graph detailing active projects scheduled to kick off in the third quarter of 2015 in the U.S. Mid-Atlantic region by industry.The Mid-Atlantic region includes the Carolinas, Maryland, Virginia and West Virginia.
The Power Industry boasts $1.54 billion in projects set to kick off in the Mid-Atlantic region in the third quarter, although almost half is attributed to a single project: Genesis Power LLC's (Needham, Massachusetts) $760 million construction of the Keys Energy Center in Brandywine, Maryland. The combined-cycle, natural gas-fired power plant will include two 235-megawatt (MW) Siemens AG (NYSE:SI) SGT6-5000F5 combustion turbines with duct-fired heat-recovery steam generators, and a 300-MW Siemens condensing reheat steam turbine generator . It is expected to be completed in third-quarter 2017.
The Metals & Minerals Industry is not far behind, with about $1.12 billion in projects set to begin construction from July through September, although almost all of it is attached to Toray Industries Incorporated's (Tokyo, Japan) $1 billion carbon fibers plant in Moore, South Carolina. The project, which has faced some opposition from local residents, is expected to produce 1,800 to 2,000 metric tonnes per day of carbon fibers, eventually expandable to 3,600 tonnes per day. Clayco Construction Company (St. Louis, Missouri) is performing general construction services on the project, which is set to be completed in fourth-quarter 2016.
The Industrial Manufacturing Industry has more than $1.01 billion in projects expected to kick off in the Mid-Atlantic region in the third quarter, almost $400 million of which is attributed to the region's booming automotive industry. The bulk of the latter number comes from BMW of North America Incorporated's (Spartanburg, South Carolina) $150 million, second-phase expansion of its assembly plant in Greer, South Carolina. The 700,000-square-foot body shop addition is expected to increase plant capacity 50% to 450,000 vehicles by the time it is completed in the fourth quarter of 2016.
For more information, see June 8, 2015, article - North and South Carolina Compete for the Automotive Dollar.
The Food & Beverage Industry has $775 million in projects set to begin construction, the largest of which is GrowGreen Power Incorporated's (Raleigh, North Carolina) $230 million construction of a hydroponic greenhouse and processing plant in Greensboro, North Carolina. The facility will include a tomato greenhouse and processing, packaging and cold storage facility. It will be adjacent to GrowGreen's planned, 49-MW biomass power plant, which to be completed in second-quarter 2017.
Half of the region's total investment value (TIV)--about $3.3 billion--is related to 86 projects that are now in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. The region also has 33 projects worth about $2.16 billion in the engineering stages, while 121 projects worth $312 million already have kicked off the first stage of construction and will kick off the next in the third quarter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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.
