Texas Boasts 300 Projects Worth $9.8 Billion Kicking Off in Second-Quarter 2016

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking 300 Texas projects with a kickoff date sometime in the second quarter of this year. The top five industries in the state in terms of project spending are power, with a cumulative total investment value of (TIV) of $3.95 billion; oil & gas pipelines, with a TIV of $947 million; metals & minerals, $938 million; oil & gas terminals, $848 million; and Pharmaceuticals & Biotech, $584 million.

The Power Industry, with 49 projects set to kick off in the second quarter, has at its largest the $800 million, 747-megawatt (MW), combined cycle power station in Mitchell County. The plant is owned by FGE Power (The Woodlands, Texas) and has a completion date of May 2018.

The Oil & Gas Pipelines Industry, with 16 projects, includes a $575 million crude oil pump station in Midland. The project is owned by Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) and consists of 416 miles of 24-inch pipe to transport 540,000 barrels per day (BBL/d) of Permian Basin crude oil and condensate from Midland to Enterprise's station in Sealy. The station is currently in the planning stage.

The Metals & Minerals Industry has 13 projects. Alcoa Mill Products, a unit of Alcoa Incorporated (NYSE:AA) (New York, New York) plans to build a full-scale micromill plant for the purpose of manufacturing advanced aluminum sheet product for automotive, industrial and packaging applications. This plant has a TIV of $750 million and is located in Elmendorf, 17 miles southeast of downtown San Antonio.

The Oil & Gas Terminals Industry has 21 projects set for kickoff. The largest one, with a TIV of $200 million, is the crude and residual oil terminal in Channelview, currently in the planning stage. Houston Fuel Oil Terminal Company (Houston, Texas) owns the project. The terminal will consist of 24 newly constructed tanks ranging from 10,000 to 400,000 barrels (BBLs) to increase storage capacity of crude oil projects.

The Pharmaceutical & Biotech Industry has 12 projects under way. The largest is the Mary Kay Incorporated cosmetics plant in Lewisville. This project, now in the planning stage, is worth $100 million and involves constructing a 400,000-600,000 square-foot facility on 26 acres for the production and research & development of Mary Kay cosmetics as well as the new location of Mary Kay's headquarters. Mary Kay is currently headquartered in Addison, Texas.

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