Canada's Energy and Mining Industries Lead $142 Billion Industrial Project Development

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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's rich natural resources are the prime focus of more than $142 billion worth of industrial project activity planned to begin construction between June 2009 and the end of 2010. More than 850 projects ranging from multibillion-dollar oil sands projects in Alberta to million-dollar brewery maintenance shutdowns in New Brunswick have been identified. These projects have been categorized for the purposes of a new wall map that Industrial Info has developed. The Canadian Industrial Market Opportunities in 2010 Wall Map analyzes industrial project spending by equipment and service provider requirements and by province.

Click on the image at right to view a chart showing the breakdown of project spending by province.

In Canada, the Metals & Minerals Industry leads all other industries in project value, with 136 projects totaling more than $53 billion. One of these is a massive project developed by Imperial Oil Limited (TSX:IMO) (Calgary, Alberta), which recently approved the $7.1 billion Kearl Oil Sands Mine Train 1, located 70 kilometers north of Fort McMurray, Alberta. One of several large-scale oil sands projects under development in Alberta, the Kearl project is scheduled to begin construction later this year. In addition to oil sands, Canada has a large number of mining projects to exploit its large gold, nickel, iron ore, uranium and potash reserves.

After Metals & Minerals, the Power Industry has the most projects with 295 projects totaling $41 billion. Power projects range from a $2.5 billion new nuclear unit addition in Ontario to million-dollar maintenance outages at hydroelectric power plants in Quebec.

Geographically, Alberta leads all other Canadian provinces for industrial project development with more than $59 billion. This is mainly due to the large concentration of oil and gas reserves in Alberta. After Alberta are British Columbia with $18 billion, Quebec with $16 billion, and Ontario with $15 billion, accounting for the majority of the upcoming industrial project work in Canada.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news.