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Released May 19, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Louisiana has more than $19.7 billion in projects that are planned to kick off construction in the second half of this year, according to Industrial Info's Global Project Platform. The Oil & Gas Production Industry leads other industries, with $10.3 billion in planned project starts. This is followed by the Chemical Processing Industry, with $6.5 billion in projects. Geographically, more than half of the project value is slated for Calcasieu Parish, home to Lake Charles.
Among the top planned projects are liquefied natural gas (LNG) plants, accounting for about $10 billion in planned project value. Chief among these is Lake Charles LNG's (Lake Charles, Louisiana) planned LNG terminal in Lake Charles. Lake Charles LNG is a joint venture of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands), Energy Transfer Partners LP (NYSE:ETP) (Dallas, Texas) and Energy Transfer Equity LP (NYSE:ETE) (Dallas). The U.S. Federal Energy Regulatory Commission (FERC) has given permission to the project to to site, construct and operate the plant, and the Department of Energy has approved LNG exports to countries with and without a free trade agreement (FTA) with the U.S.
The first phase of the project, which would have a production capacity of 5.5 million tons per year of LNG, could begin construction in the fourth quarter of this year, taking about three years to complete. This could be followed by two additional production trains, construction of which could begin in 2018 and 2019. The projects have a combined total investment value (TIV) of more than $9 billion, with each train contributing about $3 billion in TIV. For more information, see Industrial Info's project reports on Train 1, Train 2 and Train 3.
Having received FERC permission to export to non-FTA countries puts the Lake Charles LNG project ahead of the game in terms of the ability to construct and profit from the project. However, other LNG projects could potentially kick off in the state this year. Among these is Parallax Energy LLP's (Houston, Texas) planned LNG liquefaction and export terminal at the Port of New Orleans. Bechtel Group Incorporated (San Francisco, California) is performing front-end engineering and design work on the project, which could kick off construction by the end of the year. The plant would consist of two production trains, each processing about 150 million standard feet of natural gas per day for a production capacity of 1 million metric tons per year of LNG apiece. When started, it is estimated the project will take about two years to complete. For more information, see Industrial Info's project report.
Giving the Chemical Processing Industry a boost in spending is a planned grassroot petroleum coke-to-methanol plant in Lake Charles. The project, which was previously being by developed by Leucadia National Corporation (NYSE:LUK) (New York, New York) is now under the auspices of Lake Charles Methanol LLC (Houston, Texas). The plant would have a gasification system to process pet coke into 1 million metric tons per year of methanol, along with sulfuric acid, hydrogen and other gases. In addition, the plant would have a carbon capture system for deposit and storage of unused carbon dioxide. The planned construction start has slipped by several years since Industrial Info first began tracking the project, but it still has a medium probability (70%-80%) of moving forward. Construction is tentatively set to begin late this summer and be completed by the end of 2019. For more information, see Industrial Info's project report.
While extremely high-dollar projects such as these tend to grab attention, more than 160 other projects are planned to kick off in Louisiana during the second half of the year, including $687 million in planned Petroleum Refining projects. This includes Shell's planned hydrocracker unit expansion at its refinery in Norco, Louisiana. The project involves expanding the 40,000-barrel-per-day (BBL/d) distillate hydrocracker to 70,000 BBL/d. The project is planned to kick off this summer and be completed in the fourth quarter. For more information, see Industrial Info's project report.
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. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Among the top planned projects are liquefied natural gas (LNG) plants, accounting for about $10 billion in planned project value. Chief among these is Lake Charles LNG's (Lake Charles, Louisiana) planned LNG terminal in Lake Charles. Lake Charles LNG is a joint venture of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands), Energy Transfer Partners LP (NYSE:ETP) (Dallas, Texas) and Energy Transfer Equity LP (NYSE:ETE) (Dallas). The U.S. Federal Energy Regulatory Commission (FERC) has given permission to the project to to site, construct and operate the plant, and the Department of Energy has approved LNG exports to countries with and without a free trade agreement (FTA) with the U.S.
The first phase of the project, which would have a production capacity of 5.5 million tons per year of LNG, could begin construction in the fourth quarter of this year, taking about three years to complete. This could be followed by two additional production trains, construction of which could begin in 2018 and 2019. The projects have a combined total investment value (TIV) of more than $9 billion, with each train contributing about $3 billion in TIV. For more information, see Industrial Info's project reports on Train 1, Train 2 and Train 3.
Having received FERC permission to export to non-FTA countries puts the Lake Charles LNG project ahead of the game in terms of the ability to construct and profit from the project. However, other LNG projects could potentially kick off in the state this year. Among these is Parallax Energy LLP's (Houston, Texas) planned LNG liquefaction and export terminal at the Port of New Orleans. Bechtel Group Incorporated (San Francisco, California) is performing front-end engineering and design work on the project, which could kick off construction by the end of the year. The plant would consist of two production trains, each processing about 150 million standard feet of natural gas per day for a production capacity of 1 million metric tons per year of LNG apiece. When started, it is estimated the project will take about two years to complete. For more information, see Industrial Info's project report.
Giving the Chemical Processing Industry a boost in spending is a planned grassroot petroleum coke-to-methanol plant in Lake Charles. The project, which was previously being by developed by Leucadia National Corporation (NYSE:LUK) (New York, New York) is now under the auspices of Lake Charles Methanol LLC (Houston, Texas). The plant would have a gasification system to process pet coke into 1 million metric tons per year of methanol, along with sulfuric acid, hydrogen and other gases. In addition, the plant would have a carbon capture system for deposit and storage of unused carbon dioxide. The planned construction start has slipped by several years since Industrial Info first began tracking the project, but it still has a medium probability (70%-80%) of moving forward. Construction is tentatively set to begin late this summer and be completed by the end of 2019. For more information, see Industrial Info's project report.
While extremely high-dollar projects such as these tend to grab attention, more than 160 other projects are planned to kick off in Louisiana during the second half of the year, including $687 million in planned Petroleum Refining projects. This includes Shell's planned hydrocracker unit expansion at its refinery in Norco, Louisiana. The project involves expanding the 40,000-barrel-per-day (BBL/d) distillate hydrocracker to 70,000 BBL/d. The project is planned to kick off this summer and be completed in the fourth quarter. For more information, see Industrial Info's project report.
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. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
