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Released January 19, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Although Western Canada is seeing tremendous industrial growth with the ongoing development of the Alberta Oil Sands, Ontario is seeing big business from a very different source--renewable energy, particularly wind and solar power, which is driving much of the $1.64 billion in projects expected to kick off in the first quarter of 2015, according to Industrial Info's project database. Almost 85% of the total is attributed to three industries: Power, Alternative Fuels and Metals & Minerals.
Click on the image at right for a graph detailing planned first-quarter 2015 project kickoffs in Ontario by industry.
With $985 million in projects expected to kick off in Ontario before the end of March, the Power Industry clearly holds the lead. One of the projects expected to be completed by the end of the year is Canadian Solar Incorporated's (NASDAQ:CSIQ) (Toronto, Ontario) $50 million construction of the EarthLight PV Solar Generating Station in Georgina. The 10-megawatt solar facility will utilize 48,000 of the company's CSA 230-watt photovoltaic (PV) panels. H.B. White Canada (Oshawa, Ontario) is performing engineering, procurement and construction services.
The Alternative Fuels Industry is a distant second, with $248 million in projects, one of the largest of which is Protocol Biomass Corporation's (Toronto) $62.56 million construction of a fuel pellet manufacturing plant in Prescott. Protocol plans to produce 250,000 tons per year of pellets from wood fiber for domestic and European markets. Pomerleau Construction (Saint-Georges, Quebec) is serving as contractor on the project, which is expected to wrap up in the fourth quarter of this year.
Third place goes to the Metals & Minerals Industry, which has $150 million in projects preparing to kick off in Ontario, including Sage Gold Incorporated's (Toronto) $14.1 million restart and expansion of the Clavos Gold Mine in Matheson. The mine, which has been shuttered since 2007, will return as a 600-ton-per-day, cut-fill stope and bulk-longhole stope operation. It also will truck 210,000 tons per year of gold ores to Brigus Gold's (Halifax, Nova Scotia) Black Fox CIL Mill to produce 20,000 ounces per year of gold over a seven-year mine life. It is slated to finish in the fourth quarter of this year.
The Industrial Manufacturing Industry leads the remaining industries with $113 million in projects slated to kick off during the quarter, including Bombardier Incorporated's (TSX:BBD) (Montreal, Quebec) $26 million construction of an aircraft manufacturing & assembly plant in Downsview. The project involves reconstructing a 172,000-square-foot facility at an old manufacturing plant to create new classrooms, workshops, offices and hangar space to manufacture airplanes and trains. The project is expected to be completed in the second quarter of this year.
Of the $1.64 billion in total investment value for projects expected to kick off in Ontario in the first quarter, a little more than $1 billion worth are in the planning stages, where plenty of factors still could increase, decrease or totally eliminate the expected spending. About $529 million is attached to projects currently in the engineering stages, while $91 million worth already is in the early construction stages.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three 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 first-quarter 2015 project kickoffs in Ontario by industry.With $985 million in projects expected to kick off in Ontario before the end of March, the Power Industry clearly holds the lead. One of the projects expected to be completed by the end of the year is Canadian Solar Incorporated's (NASDAQ:CSIQ) (Toronto, Ontario) $50 million construction of the EarthLight PV Solar Generating Station in Georgina. The 10-megawatt solar facility will utilize 48,000 of the company's CSA 230-watt photovoltaic (PV) panels. H.B. White Canada (Oshawa, Ontario) is performing engineering, procurement and construction services.
The Alternative Fuels Industry is a distant second, with $248 million in projects, one of the largest of which is Protocol Biomass Corporation's (Toronto) $62.56 million construction of a fuel pellet manufacturing plant in Prescott. Protocol plans to produce 250,000 tons per year of pellets from wood fiber for domestic and European markets. Pomerleau Construction (Saint-Georges, Quebec) is serving as contractor on the project, which is expected to wrap up in the fourth quarter of this year.
Third place goes to the Metals & Minerals Industry, which has $150 million in projects preparing to kick off in Ontario, including Sage Gold Incorporated's (Toronto) $14.1 million restart and expansion of the Clavos Gold Mine in Matheson. The mine, which has been shuttered since 2007, will return as a 600-ton-per-day, cut-fill stope and bulk-longhole stope operation. It also will truck 210,000 tons per year of gold ores to Brigus Gold's (Halifax, Nova Scotia) Black Fox CIL Mill to produce 20,000 ounces per year of gold over a seven-year mine life. It is slated to finish in the fourth quarter of this year.
The Industrial Manufacturing Industry leads the remaining industries with $113 million in projects slated to kick off during the quarter, including Bombardier Incorporated's (TSX:BBD) (Montreal, Quebec) $26 million construction of an aircraft manufacturing & assembly plant in Downsview. The project involves reconstructing a 172,000-square-foot facility at an old manufacturing plant to create new classrooms, workshops, offices and hangar space to manufacture airplanes and trains. The project is expected to be completed in the second quarter of this year.
Of the $1.64 billion in total investment value for projects expected to kick off in Ontario in the first quarter, a little more than $1 billion worth are in the planning stages, where plenty of factors still could increase, decrease or totally eliminate the expected spending. About $529 million is attached to projects currently in the engineering stages, while $91 million worth already is in the early construction stages.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three 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.
