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The Navigatiir

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U.S. Sees More than $90 Billion in First-Quarter 2016 Project Kickoffs on Horizon U.S. Sees More than $90 Billion in First-Quarter 2016 Project Kickoffs on Horizon

Industrial Info is tracking $90.85 billion in projects that are expected to begin construction in the U.S. in first-quarter 2016, with natural gas fueling almost $16 billion of the total. More than 60% of the total can be attributed to just three industries: Power, Industrial Manufacturing, and Oil & Gas Production.

Texas alone accounts for $12.71 billion of the $92.42 billion U.S. total. Much of its activity is fueled by the boom in the Power, Oil & Gas Production, Petroleum Refining and Terminals industries along the U.S. Gulf Coast. For more information, see November 18, 2018, article - Texas Leads the Nation in Gas-Fired Power Development.

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spending indices U.S. Project Spending Index Up 18% Over Last Year

According to Industrial Info's North American Project Spending Index, the value of U.S. construction starts planned to kick off in the 2015 calendar year at the end of October was up 18% from the same period of 2014. On a percentage basis, the Midwest market region showed slightly less 44% growth from last year, rising from $13.89 billion in planned spending at the end of October 2014 to $19.89 billion in planned at the end of October this year.

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Refiners Chased Margins in 2015, but Maintenance Work to Grow in 2016 and 2017

Refiners Chased Margins in 2015, but Maintenance Work to Grow in 2016 and 2017

Written by John Egan for Industrial Info Resources--Planned refinery turnarounds fell sharply in 2015 as refiners delayed projects to process the flood of inexpensive crude oil, said Chris Paschall, Industrial Info's vice president of global research for the Oil & Gas and Petroleum Refining Industries, to several hundred attendees at Industrial Info's 2016 Market Outlook in Baton Rouge, Louisiana, earlier this month. But he said he expected turnarounds to increase in 2016.

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upcoming shows Upcoming Tradeshows & Events

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2015 Map Gulf Coast New Products & Resources

North America Chemical Processing Industry Potential Spending Activities - 2016 Edition

Industrial Info's North American Chemical Processing Industry Potential Spending Activities Wall Map provides an overview of 2,600+ Chemical Processing Industry projects...

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