Reports related to this article:
Project(s): View 7 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
en
Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. presidential election has come and gone, but COVID-19 never noticed. In the past week, five north-central states have the highest risk of infection, based on new daily cases per capita, according to Johns Hopkins University: North Dakota, South Dakota, Iowa, Wisconsin and Montana. Energy and industrial projects in these resource-rich states have faced varying hurdles, although some have finished, or are nearing completion, despite setbacks. Industrial Info is tracking $5.28 billion of projects in these six states that have been delayed or otherwise affected by COVID-19 precautions, including $2.7 billion worth under construction.
Click on the image at right for a graph detailing projects in these six states that have had their schedules affected by the pandemic, by industry sector.
Among the projects to persist amid tumultuous conditions is Husky Energy Incorporated's (TSX:HSE) (Calgary, Alberta) estimated $750 million rebuild and upgrade of its refinery in Superior, Wisconsin, following an explosion and fire in April 2018 that injured dozens and forced thousands of nearby residents to evacuate. That catastrophe, along with the "lower for longer" mentality pervading the Oil & Gas Industry, recently pushed Husky into an all-stock merger with Cenovus Energy Incorporated (NYSE:CVE) (Calgary), valued at $2.9 billion. The new company, which will stick with the Cenovus name, will be the third-largest oil and natural gas producer in Canada and the second-largest Canadian refiner, according to The Wall Street Journal.
The merger does not affect the Superior Refinery project, which involves rebuilding a 38,000-barrel-per-day (BBL/d) crude and vacuum unit and 11,000-BBL/d fluid catalytic cracking unit (FCCU), as well as increasing capacity to 43,000 BBL/d. Work began in April 2019 and was slated to wrap up in July; however, issues related to the pandemic pushed the estimated completion date back to first-quarter 2021. Husky bought the complex from Calumet Specialty Products Partners (NASDAQ:CLMT) (Indianapolis, Indiana) in 2017, for nearly half a billion dollars. For more information, see Industrial Info's project report.
Wisconsin is home to one of the most widely touted projects in the history of the state's Industrial Manufacturing Industry: Foxconn Technology Group's (Taipei, Taiwan) massive liquid crystal display (LCD) screen-manufacturing complex in Mount Pleasant, which the company vowed would create 13,000 jobs and bolster the U.S. Midwest's role in the booming tech sector. But progress has been much slower than expected, including on the estimated $100 million Multipurpose Building Area 1, which will produce electronic components for server racks. Once expected to wrap up this spring, construction on this part of the project is now expected to continue into first-quarter 2021. For more information, see Industrial Info's project report.
Another state with a growing role in the tech industry is Iowa, where two giants have made significant strides in data-center development: Microsoft Corporation's (NASDAQ:MSFT) (Redmond, Washington) $325 million Project Osmium in West Des Moines, Iowa, began construction in June, following a four-month delay, and Facebook Incorporated's (NASDAQ:FB) (Menlo Park, California) $275 million Phase V expansion of its data center in Altoona, Iowa, which completed construction in September after construction was paused during the spring. For more information, see Industrial Info's reports on the Microsoft and Facebook projects.
Other projects in the region have not been so lucky. Upper Badlands Wind Development LLC's (Glendive, Montana) $400 million Upper Badlands Windfarm in Lindsay, Montana, continues to face setbacks, with its estimated completion date facing a second delay since the start of the pandemic. The 320-megawatt (MW) project, which is designed to use about 89 turbines, had been planned to begin construction in the first quarter of this year, but had its kickoff pushed back to April 2021 and is now not expected to begin until November 2021 at the earliest. The company believes the project would produce enough energy to power 140,000 homes each year. For more information, see Industrial Info's project report.
North and South Dakota have been facing widespread industrial slowdowns as persistently low oil and gas prices have significantly hindered development in the Bakken Shale and surrounding areas. Smaller corners of the industry are seeing a domino effect: Whiting Petroleum Corporation (NYSE:WLL) (Denver, Colorado) was forced to delay the kickoff of an estimated $1.2 million expansion of its Lake Robinson Oil Conditioning Facility in New Town, North Dakota, by about one year to the spring of 2021. That date could be pushed back even further, as the company was unable to secure a public hearing on the project until March 2021; the project would boost capacity at the facility in the Sanish Production Field from 45,000-BBL/d for a total of 65,000 BBL/day of crude oil conditioning. For more information, see Industrial Info's project report.
Non-fossil-fuel projects also are facing setbacks, to varying degrees. The U.S. Army Corps of Engineers had planned to finish a $3 million replacement of governor controls on seven units at its Oahe Dam Hydro Station in Pierre, South Dakota, over the spring, but is unlikely to see completion before the end of this year. The seven units, manufactured by General Electric (NYSE:GE) (Boston, Massachusetts), generate 784 MW in total. 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 on the image at right for a graph detailing projects in these six states that have had their schedules affected by the pandemic, by industry sector.Among the projects to persist amid tumultuous conditions is Husky Energy Incorporated's (TSX:HSE) (Calgary, Alberta) estimated $750 million rebuild and upgrade of its refinery in Superior, Wisconsin, following an explosion and fire in April 2018 that injured dozens and forced thousands of nearby residents to evacuate. That catastrophe, along with the "lower for longer" mentality pervading the Oil & Gas Industry, recently pushed Husky into an all-stock merger with Cenovus Energy Incorporated (NYSE:CVE) (Calgary), valued at $2.9 billion. The new company, which will stick with the Cenovus name, will be the third-largest oil and natural gas producer in Canada and the second-largest Canadian refiner, according to The Wall Street Journal.
The merger does not affect the Superior Refinery project, which involves rebuilding a 38,000-barrel-per-day (BBL/d) crude and vacuum unit and 11,000-BBL/d fluid catalytic cracking unit (FCCU), as well as increasing capacity to 43,000 BBL/d. Work began in April 2019 and was slated to wrap up in July; however, issues related to the pandemic pushed the estimated completion date back to first-quarter 2021. Husky bought the complex from Calumet Specialty Products Partners (NASDAQ:CLMT) (Indianapolis, Indiana) in 2017, for nearly half a billion dollars. For more information, see Industrial Info's project report.
Wisconsin is home to one of the most widely touted projects in the history of the state's Industrial Manufacturing Industry: Foxconn Technology Group's (Taipei, Taiwan) massive liquid crystal display (LCD) screen-manufacturing complex in Mount Pleasant, which the company vowed would create 13,000 jobs and bolster the U.S. Midwest's role in the booming tech sector. But progress has been much slower than expected, including on the estimated $100 million Multipurpose Building Area 1, which will produce electronic components for server racks. Once expected to wrap up this spring, construction on this part of the project is now expected to continue into first-quarter 2021. For more information, see Industrial Info's project report.
Another state with a growing role in the tech industry is Iowa, where two giants have made significant strides in data-center development: Microsoft Corporation's (NASDAQ:MSFT) (Redmond, Washington) $325 million Project Osmium in West Des Moines, Iowa, began construction in June, following a four-month delay, and Facebook Incorporated's (NASDAQ:FB) (Menlo Park, California) $275 million Phase V expansion of its data center in Altoona, Iowa, which completed construction in September after construction was paused during the spring. For more information, see Industrial Info's reports on the Microsoft and Facebook projects.
Other projects in the region have not been so lucky. Upper Badlands Wind Development LLC's (Glendive, Montana) $400 million Upper Badlands Windfarm in Lindsay, Montana, continues to face setbacks, with its estimated completion date facing a second delay since the start of the pandemic. The 320-megawatt (MW) project, which is designed to use about 89 turbines, had been planned to begin construction in the first quarter of this year, but had its kickoff pushed back to April 2021 and is now not expected to begin until November 2021 at the earliest. The company believes the project would produce enough energy to power 140,000 homes each year. For more information, see Industrial Info's project report.
North and South Dakota have been facing widespread industrial slowdowns as persistently low oil and gas prices have significantly hindered development in the Bakken Shale and surrounding areas. Smaller corners of the industry are seeing a domino effect: Whiting Petroleum Corporation (NYSE:WLL) (Denver, Colorado) was forced to delay the kickoff of an estimated $1.2 million expansion of its Lake Robinson Oil Conditioning Facility in New Town, North Dakota, by about one year to the spring of 2021. That date could be pushed back even further, as the company was unable to secure a public hearing on the project until March 2021; the project would boost capacity at the facility in the Sanish Production Field from 45,000-BBL/d for a total of 65,000 BBL/day of crude oil conditioning. For more information, see Industrial Info's project report.
Non-fossil-fuel projects also are facing setbacks, to varying degrees. The U.S. Army Corps of Engineers had planned to finish a $3 million replacement of governor controls on seven units at its Oahe Dam Hydro Station in Pierre, South Dakota, over the spring, but is unlikely to see completion before the end of this year. The seven units, manufactured by General Electric (NYSE:GE) (Boston, Massachusetts), generate 784 MW in total. 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.
