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Released September 03, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The Bakken Shale and other booming shale plays in and around North Dakota are fueling much of the growth in the U.S. Midwestern region, with many of the $6.74 billion in projected fourth-quarter construction starts related to them. Almost 95% of the total is attributed to four industries: Oil & Gas Pipelines, Power, Metals & Minerals, and Food & Beverage.
Click on the image at right for a graph detailing planned fourth-quarter 2015 project kickoffs in the U.S. Midwest region by industry.
The Midwest region includes Iowa, Kansas, Minnesota, Missouri, Nebraska and the Dakotas.
Given the significant and consistently growing role of North Dakota's massive shale plays, it only makes sense that the Oil & Gas Pipeline Industry leads all others, with $2.88 billion in Midwestern projects set to begin construction from October through December. A significant chunk of that can be attributed to a single project from Enbridge Energy Partners LP (NYSE:EEP) (Calgary, Alberta): the $1.2 billion North Dakota portion of the Sandpiper Crude Pipeline project. The 330-mile stretch of the planned, 618-mile pipe will transport an estimated 225,000 barrels per day of crude from western North Dakota to the state's border with Minnesota. If it goes as scheduled, the project is set to be completed in first-quarter 2017. For details on this project, see Industrial Info's project report.
The Oil & Gas Pipeline Industry accounts for half of the projects in the Midwest's top 10 kickoffs for fourth-quarter 2015. The other four are:
Another windfarm is among the 10 biggest spenders: SunEdison's (NYSE:SUNE) (St. Peters, Missouri) $320 million construction of the Antelope Hills Wind Project in Golden Valley, North Dakota. For details on this construction project, see Industrial Info's project report.
The Metals & Minerals Industry holds a pretty solid third place, with $972 million in Midwestern projects set to begin construction in the fourth quarter. The only one to rank among the 10 highest-value projects is PolyMet Mining Corporation's (Toronto, Ontario) $705 million revamp and restart of its aboveground polymetallic mine and mill in Hoyt Lakes, Minnesota. The company plans to build a 32,000-ton-per-day flotation processing plant at the open-pit mine to extract 36,000 tons per year of copper, 7,500 tons per year of nickel, and 106,000 ounces per year of precious metal concentrate over a 20-year mine life. The project is set to be completed in fourth-quarter 2016. For details on this project, see Industrial Info's project report. For more information on some of the highest-value projects in the Metals & Minerals Industry, June 23, 2015, article - U.S. Metals & Minerals Industry Digs Up More than $12 Billion in Construction Starts for Second Half of 2015.
Of the highest-value industries, the Food & Beverage Industry has the largest number of projects: 50, with a TIV of $865 million. This is no surprise, given the Midwest's rich history in the agricultural and livestock industries. The biggest spender is Seaboard Corporation's (Shawnee Mission, Kansas) construction of a pork-processing plant in Sioux City, Iowa. The project, which recently entered its engineering phase, signed Epstein (Chicago, Illinois) as a contractor earlier this year and is expected to be completed in third-quarter 2017. For details on this construction project, see Industrial Info's project report.
The other Food & Beverage project among the 10 biggest spenders is Dairy Farmers of America's (Kansas City, Missouri) $235 million construction of a powdered milk-processing plant in Garden City, Kansas. For details on this construction project, see Industrial Info's project report.
More than half of the region's total investment value (TIV)--about $3.47 billion--is related to 46 projects that are now in the engineering stages. The region also has 58 projects worth about $3.15 billion in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending, while 73 projects worth $114 million already have kicked off the first stage of construction and will kick off the next in the third quarter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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.
Click on the image at right for a graph detailing planned fourth-quarter 2015 project kickoffs in the U.S. Midwest region by industry.The Midwest region includes Iowa, Kansas, Minnesota, Missouri, Nebraska and the Dakotas.
Given the significant and consistently growing role of North Dakota's massive shale plays, it only makes sense that the Oil & Gas Pipeline Industry leads all others, with $2.88 billion in Midwestern projects set to begin construction from October through December. A significant chunk of that can be attributed to a single project from Enbridge Energy Partners LP (NYSE:EEP) (Calgary, Alberta): the $1.2 billion North Dakota portion of the Sandpiper Crude Pipeline project. The 330-mile stretch of the planned, 618-mile pipe will transport an estimated 225,000 barrels per day of crude from western North Dakota to the state's border with Minnesota. If it goes as scheduled, the project is set to be completed in first-quarter 2017. For details on this project, see Industrial Info's project report.
The Oil & Gas Pipeline Industry accounts for half of the projects in the Midwest's top 10 kickoffs for fourth-quarter 2015. The other four are:
- $450 Million: Major Portion of Energy Transfer Partners LP's Dakota Access Pipeline in North Dakota
For details on this construction project, see Industrial Info's project report. - $450 Million: Major Portion of Rimrock Midstream's Grand Mesa Pipeline in Kansas
For details on this construction project, see Industrial Info's project report. - $350 Million: Major Portion of Energy Transfer Partners LP's Dakota Access Pipeline in North Dakota
For details on this construction project, see Industrial Info's project report. - $200 Million: Major Portion of Energy Transfer Partners LP's Dakota Access Pipeline in Iowa
For details on this construction project, see Industrial Info's project report.
Another windfarm is among the 10 biggest spenders: SunEdison's (NYSE:SUNE) (St. Peters, Missouri) $320 million construction of the Antelope Hills Wind Project in Golden Valley, North Dakota. For details on this construction project, see Industrial Info's project report.
The Metals & Minerals Industry holds a pretty solid third place, with $972 million in Midwestern projects set to begin construction in the fourth quarter. The only one to rank among the 10 highest-value projects is PolyMet Mining Corporation's (Toronto, Ontario) $705 million revamp and restart of its aboveground polymetallic mine and mill in Hoyt Lakes, Minnesota. The company plans to build a 32,000-ton-per-day flotation processing plant at the open-pit mine to extract 36,000 tons per year of copper, 7,500 tons per year of nickel, and 106,000 ounces per year of precious metal concentrate over a 20-year mine life. The project is set to be completed in fourth-quarter 2016. For details on this project, see Industrial Info's project report. For more information on some of the highest-value projects in the Metals & Minerals Industry, June 23, 2015, article - U.S. Metals & Minerals Industry Digs Up More than $12 Billion in Construction Starts for Second Half of 2015.
Of the highest-value industries, the Food & Beverage Industry has the largest number of projects: 50, with a TIV of $865 million. This is no surprise, given the Midwest's rich history in the agricultural and livestock industries. The biggest spender is Seaboard Corporation's (Shawnee Mission, Kansas) construction of a pork-processing plant in Sioux City, Iowa. The project, which recently entered its engineering phase, signed Epstein (Chicago, Illinois) as a contractor earlier this year and is expected to be completed in third-quarter 2017. For details on this construction project, see Industrial Info's project report.
The other Food & Beverage project among the 10 biggest spenders is Dairy Farmers of America's (Kansas City, Missouri) $235 million construction of a powdered milk-processing plant in Garden City, Kansas. For details on this construction project, see Industrial Info's project report.
More than half of the region's total investment value (TIV)--about $3.47 billion--is related to 46 projects that are now in the engineering stages. The region also has 58 projects worth about $3.15 billion in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending, while 73 projects worth $114 million already have kicked off the first stage of construction and will kick off the next in the third quarter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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.
