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Released June 17, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Metals & Minerals operations are by far the largest industrial market for independent power generation, accounting for 47% of the value of projects owned by industrial producers. Currently there are 1,757 independent electricity producer projects in the Metals & Minerals Industry, totaling more than $67 billion around the globe.
Click on the image at right to view a chart showing the distribution of power generation projects by industry.
The Metals & Minerals Industry consumes about half of the electricity used for industrial purposes, according to the International Energy Agency, which recently reported that three sectors in Metals & Minerals account for more than half of the industrial energy use. Those sectors are mining, smelting, which includes steel mills, and cement. Energy cost for aluminum smelters for example typically account for 30%-40% of total operating cost. Therefore, reducing energy cost is one of the most important drivers to project development at Metals & Minerals operations.
Metals & Minerals firms continue to look for ways to reduce energy costs and boost reliability, as well as electrify remote operations which are sometimes off the grid. Adding power generation, especially green renewable power, is often the solution to these problems.
Mines are being developed in remote locations and in areas with little or no existing infrastructure, such as the Danakil Potash Mining project in Ethiopia. Project proponents are planning a 60-megawatt natural gas-fired power plant in the remote region. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Database, can click here for the project report.
After Metals & Minerals, Petroleum Refining, Industrial Manufacturing, Chemical Process and Oil & Gas Production round out the top five industries for independent power generation projects around the globe.
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.
Click on the image at right to view a chart showing the distribution of power generation projects by industry.The Metals & Minerals Industry consumes about half of the electricity used for industrial purposes, according to the International Energy Agency, which recently reported that three sectors in Metals & Minerals account for more than half of the industrial energy use. Those sectors are mining, smelting, which includes steel mills, and cement. Energy cost for aluminum smelters for example typically account for 30%-40% of total operating cost. Therefore, reducing energy cost is one of the most important drivers to project development at Metals & Minerals operations.
Metals & Minerals firms continue to look for ways to reduce energy costs and boost reliability, as well as electrify remote operations which are sometimes off the grid. Adding power generation, especially green renewable power, is often the solution to these problems.
Mines are being developed in remote locations and in areas with little or no existing infrastructure, such as the Danakil Potash Mining project in Ethiopia. Project proponents are planning a 60-megawatt natural gas-fired power plant in the remote region. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Database, can click here for the project report.
After Metals & Minerals, Petroleum Refining, Industrial Manufacturing, Chemical Process and Oil & Gas Production round out the top five industries for independent power generation projects around the globe.
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.
