Great Lakes Region Boasts Almost $3 Billion in Planned Capital Expenditures for Chemical Processing Industry

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Researched by Industrial Info Resources (Sugar Land, Texas)--Planned capital spending for the Chemical Processing Industry (CPI) in the U.S. Great Lakes region now totals more than $2.9 billion for 70 projects, all of which are scheduled to begin construction between 2013 and the second quarter of 2015.

The fertilizer industry segment accounts for almost 60% of the total, with $1.7 billion in planned projects. PCS Nitrogen Incorporated, a subsidiary of Potash Corporation of Saskatchewan (NYSE:POT) (Saskatoon, Saskatchewan), is proposing to spend more than $700 million on a capacity expansion at a plant in Lima, Ohio, that produces ammonia, urea and downstream fertilizer products.

The highest level of spending for any state in the Great Lakes region can be found in Indiana, where planned projects total just more than $1 billion. Most of that spending is related to plans by Ohio Valley Resources (Rockport, Indiana) to build a new ammonia plant in Rockport.

Ohio represents $792 million in planned capital projects, which puts it in second place in the region. Most of Ohio's total is attributed to the PCS Nitrogen project.

In a close third place is Illinois, which has $739 million in planned projects. Most of that total is related to $500 million in planned spending from Rentech Nitrogen Partners Limited Partnership, which is a subsidiary of Rentech Incorporated (NYSE:RTK) (Los Angeles, California), in East Dubuque, Illinois.

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.