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Released October 08, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The COVID-19 pandemic has forced countless projects in the U.S. to be delayed, but some industries, including Chemical Processing and Power Generation, are seeing some of their projects return to life as demand perks up and market participants begin to grasp the new normal. Industrial Info is tracking $1.29 trillion worth of projects worldwide that have been delayed or otherwise affected by the COVID-19 pandemic, including more than $33 billion worth in the U.S. that have been updated since the beginning of September.
Click here for a list of global projects that have been affected by COVID-19, and click here for a list of affected U.S. projects that have been updated in the past five weeks.
Click in the image at right for a graph detailing recently updated U.S. projects that have been affected by COVID-19, by industry.
Among the projects set to begin construction within the coming year is Syngas Energy Holdings LLC's (Channelview, Texas) methanol production plant in Saint James, Louisiana, which is designed to produce 500,000 metric tons per year. The facility is now set to begin construction toward the middle of 2021, near NuStar Energy LP's (NYSE:NS) (San Antonio, Texas) crude oil and refined products terminal. For more information, see Industrial Info's project report.
Less certain is PTT Global Chemical Public Company Limited's (Bangkok, Thailand) proposed, multi-billion-dollar Belmont County ethylene plant in Shadyside, Ohio, which is designed to produce 1.5 million metric tons per year. The company acknowledged over the summer that it would need more time to make a final investment decision amid the market turmoil; the decision already had been pushed back several times over the past four-plus years. Nonetheless, an executive said that "a world-scale petrochemical complex in Ohio remains a top priority" for the company, adding that the project was proceeding and is not on indefinite hold. For more information, see Industrial Info's project report.
Facilities that produce non-traditional energy sources also have been dealing with long-term delays. Renewable Energy Group Incorporated (Ames, Iowa) was planning to begin upgrades and expansions to its synthetic diesel plant in Geismar, Louisiana, next month, but a steep drop in the demand for transportation fuels amid the pandemic, along with persistently low crude oil prices, have caused heartburn across the biodiesel market. The construction kickoff date has been pushed back from this November to April 2022, with completion currently projected to be about 24 months later. For more information, see Industrial Info's project report.
Other developers have managed to keep their project delays to a more limited time span. EDP Renewables North America LLC, a subsidiary of Energias de Portugal S.A. (Lisbon, Portugal), began construction on its $333.3 million Reloj del Sol Windfarm in Zapata, Texas, just before the COVID-19 lockdowns began in March. Nonetheless, the project's expected completion has been delayed only a single month, to the end of January. It is expected to generate 202 megawatts (MW) from 63 turbines. For more information, see Industrial Info's project report.
Data centers are all the rage in the tech industry, as some of the biggest names are preparing to begin construction on such projects in locales far removed from Silicon Valley. These include Quality Technology Services (NYSE:QTS) (Overland Park, Kansas), which began construction in July 2019 on a $550 million data center at its campus in Atlanta, Georgia. Like many companies within its industry, QTS asked many of its employees to work from home following the COVID-19 outbreak, and the project's completion eventually was pushed back from April 2020 to January 2021. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
Click here for a list of global projects that have been affected by COVID-19, and click here for a list of affected U.S. projects that have been updated in the past five weeks.
Click in the image at right for a graph detailing recently updated U.S. projects that have been affected by COVID-19, by industry.Among the projects set to begin construction within the coming year is Syngas Energy Holdings LLC's (Channelview, Texas) methanol production plant in Saint James, Louisiana, which is designed to produce 500,000 metric tons per year. The facility is now set to begin construction toward the middle of 2021, near NuStar Energy LP's (NYSE:NS) (San Antonio, Texas) crude oil and refined products terminal. For more information, see Industrial Info's project report.
Less certain is PTT Global Chemical Public Company Limited's (Bangkok, Thailand) proposed, multi-billion-dollar Belmont County ethylene plant in Shadyside, Ohio, which is designed to produce 1.5 million metric tons per year. The company acknowledged over the summer that it would need more time to make a final investment decision amid the market turmoil; the decision already had been pushed back several times over the past four-plus years. Nonetheless, an executive said that "a world-scale petrochemical complex in Ohio remains a top priority" for the company, adding that the project was proceeding and is not on indefinite hold. For more information, see Industrial Info's project report.
Facilities that produce non-traditional energy sources also have been dealing with long-term delays. Renewable Energy Group Incorporated (Ames, Iowa) was planning to begin upgrades and expansions to its synthetic diesel plant in Geismar, Louisiana, next month, but a steep drop in the demand for transportation fuels amid the pandemic, along with persistently low crude oil prices, have caused heartburn across the biodiesel market. The construction kickoff date has been pushed back from this November to April 2022, with completion currently projected to be about 24 months later. For more information, see Industrial Info's project report.
Other developers have managed to keep their project delays to a more limited time span. EDP Renewables North America LLC, a subsidiary of Energias de Portugal S.A. (Lisbon, Portugal), began construction on its $333.3 million Reloj del Sol Windfarm in Zapata, Texas, just before the COVID-19 lockdowns began in March. Nonetheless, the project's expected completion has been delayed only a single month, to the end of January. It is expected to generate 202 megawatts (MW) from 63 turbines. For more information, see Industrial Info's project report.
Data centers are all the rage in the tech industry, as some of the biggest names are preparing to begin construction on such projects in locales far removed from Silicon Valley. These include Quality Technology Services (NYSE:QTS) (Overland Park, Kansas), which began construction in July 2019 on a $550 million data center at its campus in Atlanta, Georgia. Like many companies within its industry, QTS asked many of its employees to work from home following the COVID-19 outbreak, and the project's completion eventually was pushed back from April 2020 to January 2021. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
