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Researched by Industrial Info Resources (Sugar Land, Texas)--The Blackstone Group (NYSE:BX) (New York, New York), one of the world's largest investment and financial-services firms, has a hand in numerous energy and infrastructure investments on six continents. Although the bulk of the company's capital investments in the Power and Industrial Manufacturing industries are outside North America, Blackstone is planning a slew of maintenance-related projects at generation and manufacturing facilities in the U.S., Canada and Mexico.
Click on the image at right for a graph detailing maintenance-related projects at facilities owned by Blackstone and its subsidiaries, by country, as tracked by Industrial Info.
Executives at Blackstone see some storm clouds on the global economic horizon, which they believe could affect energy and infrastructure investments, although they say it is too early to be certain. "We have been seeing globally a slowdown in trade," said Jonathan Gray, the chief operating officer of Blackstone, in an earnings-related conference call held last week. "And I would say a slowdown in the industrial economy and some of the commodities and energy have been hit, as well--and that's true in the U.S, Europe and China."
But proper maintenance can keep factories and power-generation facilities operating efficiently for decades, which is why companies make sure to stay on top of these projects when slowdowns loom. Blackstone's energy-related subsidiaries are preparing for a series of turnarounds at natural gas-fired, combined-cycle (NGCC) power units that are set to kick off over the next 12 months, including three in Texas: Block 1 and Block 3 at the Frontera Energy Center in Mission, Texas, and Unit 1 at the Bastrop Energy Center in Cedar Creek, Texas.
Frontera Block 3 and Bastrop Unit 1, which generate 489 and 550 megawatts (MW), respectively, are set to begin and end maintenance in the fourth quarter of this year; Frontera Block 1, which generates 324 MW, is set for maintenance in March. For more information, see Industrial Info's project reports on Frontera Block 1 and Block 3, and Bastrop Unit 1.
Other NGCC projects are underway in Indiana and Ohio, areas that most immediately benefit from the bountiful supply of natural gas from the Marcellus and Utica shale plays. Lightstone Generation LLC, a joint venture between Blackstone and ArcLight Capital Partners LLC (Boston, Massachusetts), owns a power station in Lawrenceburg, Indiana, that is preparing for a plant-wide maintenance program in the fourth quarter, which will include normal inspections and repairs, and an outage on Block 1 in first-quarter 2020 that will last seven days. The full plant generates 1,158 MW, and Block 1 generates 579 MW. For more information, see Industrial Info's project reports for the full Lawrenceburg plant and Block 1.
Lightstone also owns a power station in Mount Sterling, Ohio, which is undergoing a maintenance program for units 1 to 3 in the fourth quarter. The units, which generate a total 255 MW, are expected to begin and complete the process in October. For more information, see Industrial Info's project report.
Natural gas is not the only fuel source for Blackstone plants that are undergoing maintenance. The coal-fired Twin Oaks Power Plant in Bremond, Texas, is preparing for a first-quarter 2020 outage on Unit 2, which generates 165 MW. It is expected to wrap up by early April. For more information, see Industrial Info's project report.
Blackstone also is planning a trio of maintenance projects at manufacturing facilities in Canada and Mexico that produce rubber belts and hoses. Click here to see a list.
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 maintenance-related projects at facilities owned by Blackstone and its subsidiaries, by country, as tracked by Industrial Info.Executives at Blackstone see some storm clouds on the global economic horizon, which they believe could affect energy and infrastructure investments, although they say it is too early to be certain. "We have been seeing globally a slowdown in trade," said Jonathan Gray, the chief operating officer of Blackstone, in an earnings-related conference call held last week. "And I would say a slowdown in the industrial economy and some of the commodities and energy have been hit, as well--and that's true in the U.S, Europe and China."
But proper maintenance can keep factories and power-generation facilities operating efficiently for decades, which is why companies make sure to stay on top of these projects when slowdowns loom. Blackstone's energy-related subsidiaries are preparing for a series of turnarounds at natural gas-fired, combined-cycle (NGCC) power units that are set to kick off over the next 12 months, including three in Texas: Block 1 and Block 3 at the Frontera Energy Center in Mission, Texas, and Unit 1 at the Bastrop Energy Center in Cedar Creek, Texas.
Frontera Block 3 and Bastrop Unit 1, which generate 489 and 550 megawatts (MW), respectively, are set to begin and end maintenance in the fourth quarter of this year; Frontera Block 1, which generates 324 MW, is set for maintenance in March. For more information, see Industrial Info's project reports on Frontera Block 1 and Block 3, and Bastrop Unit 1.
Other NGCC projects are underway in Indiana and Ohio, areas that most immediately benefit from the bountiful supply of natural gas from the Marcellus and Utica shale plays. Lightstone Generation LLC, a joint venture between Blackstone and ArcLight Capital Partners LLC (Boston, Massachusetts), owns a power station in Lawrenceburg, Indiana, that is preparing for a plant-wide maintenance program in the fourth quarter, which will include normal inspections and repairs, and an outage on Block 1 in first-quarter 2020 that will last seven days. The full plant generates 1,158 MW, and Block 1 generates 579 MW. For more information, see Industrial Info's project reports for the full Lawrenceburg plant and Block 1.
Lightstone also owns a power station in Mount Sterling, Ohio, which is undergoing a maintenance program for units 1 to 3 in the fourth quarter. The units, which generate a total 255 MW, are expected to begin and complete the process in October. For more information, see Industrial Info's project report.
Natural gas is not the only fuel source for Blackstone plants that are undergoing maintenance. The coal-fired Twin Oaks Power Plant in Bremond, Texas, is preparing for a first-quarter 2020 outage on Unit 2, which generates 165 MW. It is expected to wrap up by early April. For more information, see Industrial Info's project report.
Blackstone also is planning a trio of maintenance projects at manufacturing facilities in Canada and Mexico that produce rubber belts and hoses. Click here to see a list.
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/.
