Eastern Canada Expects $500 Million in Project Kickoffs in Third-Quarter 2016, Fueled by Food, Mining

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SUGAR LAND--May 25, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's easternmost provinces are far removed from the energy-oriented provinces where the Oil & Gas Industry is king. With a little more than $500 million in projected construction starts in third-quarter 2016, according to Industrial Info's project database, the Atlantic Canada region has a strong representation for industries that have less influence further west. More than 80% of the TIV is attributed to four industries: Food & Beverage, Metals & Minerals, Pharmaceutical & Biotech and Petroleum Refining.

Click on the image at right for a graph detailing planned third-quarter 2016 project kickoffs in the Atlantic Canada region by industry.

The Atlantic Canada region includes New Brunswick, Newfoundland & Labrador, Nova Scotia and Prince Edward Island.

Unusually, the Food & Beverage Industry leads all others with $125 million in projected construction starts in Atlantic Canada in third-quarter 2016. Almost two-thirds of this amount is attached to Grieg Nurseries NL Limited's (Marystown, Newfoundland and Labrador) $80 million Atlantic salmon hatchery in Marystown, Newfoundland and Labrador. The project involves building a 250,000-square-foot facility that will process 6 million fish per year. For more information, see Industrial Info's project report.

The Metals & Minerals Industry has $119 million in projects set to kick off in Atlantic Canada from July through September, the bulk of which is attributed to Atlantic Gold Corporation's (TSX:SVU) (Vancouver, British Columbia) $104.8 million Touquoy gold mine in Middle Musquodoboit, Nova Scotia. The 7.5 million-ton-per-year open pit mine has seen its kickoff date delayed multiple times for several years, but recently received capital approval. The facility is designed to extract 406,500 ounces of gold over four and a half years. For more information, see Industrial Info's project report.

Similarly, the Pharmaceutical & Biotech Industry's $92 million in projected third-quarter kickoffs in Atlantic Canada is almost entirely due to Memorial University's (Saint John's, Newfoundland and Labrador) $90 million addition to its core sciences research building. The project, which is now in its preliminary engineering phase, involves constructing a 425,000-square-foot building that will be equipped for multi-disciplinary research on life sciences, engineering, oceanic sciences and related disciplines. For more information, see Industrial Info's project report.

The Petroleum Refining Industry, on the other hand, has the largest number of projects of any industry with third-quarter kickoffs in Atlantic Canada: 10, with a TIV of $74 million. The largest of these, Irving Oil Limited's (Saint John, New Brunswick) $15 million upgrade at its refinery in Saint John, New Brunswick, involves modifying the main fractionation column and converter section to improve reliability at the 25,000-barrel-per-day fluid catalytic cracker unit (FCCU). For more information, see Industrial Info's project report.

The six remaining highest-value projects set to begin construction in Atlantic Canada in third-quarter 2016 are:

• $38 million: Northern Energy Solutions Limited's fuel pellet mill in Nelson Miramichi, New Brunswick
  For more information, see Industrial Info's project report.
• $18 million: Canadian Artesian Spring Limited's water-bottling facility in Weymouth, Nova Scotia
  For more information, see Industrial Info's project report.
• $15 million: North Atlantic Refining Limited's crude and vacuum unit expansion at its refinery in Come By Chance, Newfoundland and Labrador
  For more information, see Industrial Info's project report.
• $14 million: Nalcor Energy's Unit 4 turbine refurbishment in Grand Falls, Newfoundland and Labrador
  For more information, see Industrial Info's project report.
• $13 million: North Atlantic Refining Limited's crude and vacuum unit turnarounds at its refinery in Come By Chance, Newfoundland and Labrador
  For more information, see Industrial Info's project report.
• $12 million: Irving Oil Limited's Crude 3 Unit turnaround at its refinery in Saint John, New Brunswick
  For more information, see Industrial Info's project report.

Almost half of the total investment value for projects expected to kick off in the Atlantic Canada region in the second quarter--about $240 million--is tied to projects in the engineering phases. About $172 million worth are in the planning phases, where plenty of factors could increase, decrease or totally eliminate the expected spending, while about $89 million worth are maintenance-related projects.

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. 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/.