Allen County Tops Ohio with $6.2 Billion in Industrial Project Developments

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Researched by Industrial Info Resources (Sugar Land, Texas)--Allen County leads all the other Ohio counties in industrial project development, with 45 projects totaling $6.2 billion. Why Allen County, you may ask? Well, one of the reasons for its growth in industrial projects is the resurgence of the local petrochemical industry. Husky Energy (TSX:HSE) is developing $2.9 billion worth of projects at its local refinery in Lima, Ohio, and chemical processors have 28 projects totaling $1.2 billion under development.

Favorable feedstock costs are driving petrochemical projects across the U.S. For more information, see April 15, 2013, article - Outlook Positive for 2013 Construction Kickoffs in U.S. Chemical Processing Industry.

All in all, there are 451 active industrial projects in Ohio totaling $31.7 billion, according to Industrial Info's North American Industrial Database. Projects are spread across 12 vertical markets, led by Power Generation, with 78 projects totaling $10.9 billion; Chemical Processing, with 106 projects totaling $5.7 billion; and Metals & Minerals, with 27 projects totaling $4.9 billion.

Click on the image at right to view a chart showing the top 20 countries for industrial project development in Ohio.

After Allen County, Pike County is the second-largest county for industrial projects in Ohio, with two projects totaling $4.1 billion. The top five counties are rounded out by Lucas, Hardin and Harrison, with $4 billion, $1.09 billion and $1.09 billion, respectively.

Building demolition and site-clearing work are under way for the brownfield Lima Energy site in Lima, Ohio. Construction crews began demolition work in April on a 67-acre site at the former Lima Locomotive Works between Metcalf and South Main streets. The company plans to build a $2 billion gasification, power and Technology Innovation Center complex, which will include an administration facility, research and development laboratories, an auditorium, a conference center and a clean-tech showroom.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, 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.