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Released December 14, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--A bountiful supply of natural gas from the Marcellus and Utica shale plays is among the factors driving economic growth in the U.S. Great Lakes region next year. Industrial Info is tracking $47.93 billion in active projects set to begin construction in the Great Lakes region in 2017, about 70% of which are attributed to four industries: Power Generation, Chemical Processing, Industrial Manufacturing, and Oil & Gas Pipelines.
Click on the image at right for a graph detailing 2017 project kickoffs in the Great Lakes region, by industry.
The Great Lakes region includes Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin.
The Power Industry is far out in front with $12.12 billion in projects currently slated to begin construction in the Great Lakes region in 2017, one of the largest of which is Advanced Power AG's (Zug, Switzerland) highly anticipated $1.1 billion South Field Energy Center in Wellsville, Ohio. The 1,100-megawatt (MW), natural gas-fired, combined-cycle (NGCC) power plant would feature two General Electric (NYSE:GE) combustion turbine generators, each with a capacity of 346 MW, and two steam turbine generators, each with a capacity of 204 MW. For more details, including component specifications and contractor contact information, see Industrial Info's project report.
The Chemical Processing Industry is in second place with $8.7 billion in projected kickoffs, although all but $270 million worth are attributed to projects that are in various planning phases, where plenty of factors could increase, decrease or eliminate the expected spending. Some have been stuck there for years, such as Midwest Fertilizer Corporation's (Mount Vernon, Indiana) ammonia plant in Mount Vernon, Indiana. As currently plotted, the facility would use KBR Incorporated's (NYSE:KBR) (Houston, Texas) Proprietary Purifier Technology to produce anhydrous ammonia, but the project has been consistently delayed since KBR received its contract in 2013. For more information, including current estimates for the capacity and investment value, see Industrial Info's project report.
The Industrial Manufacturing Industry is only narrowly behind with $8.4 billion in planned kickoffs, including Chicago Transit Authority's $1 billion proposal to replace and repair Chicago's Red Line commuter rail tracks, running from the Lawrence to Bryn Mawr transit stations. Late last month, Chicago aldermen approved the creation of a new tax-increment financing (TIF) district to help secure $1.1 billion in federal funding for the Red Line and the nearby Purple Line overhauls, which include rebuilding four stations along the Red Line. For more information, see Industrial Info's project report.
The Oil & Gas Pipeline Industry is looking at $4.16 billion in projected kickoffs for 2017, including two proposals from leading midstream companies: Energy Transfer Partners LP's (NYSE:ETP) (Dallas, Texas) $625 million pipeline from Cadiz to Defiance, Ohio, and Spectra Energy Corporation's (NYSE:SE) (Houston) $450 million pipeline from northeastern Ohio to southern Michigan. Energy Transfer's project would be a 409-mile segment of the planned, 710-mile Rover Pipeline, while Spectra's project accounts for 200 miles of the 250-mile NEXUS Gas Transmission Project that runs through Ohio, Michigan and Ontario. Both lines are expected to source natural gas from the Marcellus and Utica shale plays. For more information, see Industrial Info's project reports on the Energy Transfer and Spectra projects.
More than three-quarters of the region's total investment value (TIV)--$40.26 billion--is related to 704 projects that are now in the planning stages. The region also has 119 projects worth more than $5.91 billion in the engineering stages, while 814 projects worth about $1.75 billion are maintenance-related.
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/.
Click on the image at right for a graph detailing 2017 project kickoffs in the Great Lakes region, by industry.The Great Lakes region includes Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin.
The Power Industry is far out in front with $12.12 billion in projects currently slated to begin construction in the Great Lakes region in 2017, one of the largest of which is Advanced Power AG's (Zug, Switzerland) highly anticipated $1.1 billion South Field Energy Center in Wellsville, Ohio. The 1,100-megawatt (MW), natural gas-fired, combined-cycle (NGCC) power plant would feature two General Electric (NYSE:GE) combustion turbine generators, each with a capacity of 346 MW, and two steam turbine generators, each with a capacity of 204 MW. For more details, including component specifications and contractor contact information, see Industrial Info's project report.
The Chemical Processing Industry is in second place with $8.7 billion in projected kickoffs, although all but $270 million worth are attributed to projects that are in various planning phases, where plenty of factors could increase, decrease or eliminate the expected spending. Some have been stuck there for years, such as Midwest Fertilizer Corporation's (Mount Vernon, Indiana) ammonia plant in Mount Vernon, Indiana. As currently plotted, the facility would use KBR Incorporated's (NYSE:KBR) (Houston, Texas) Proprietary Purifier Technology to produce anhydrous ammonia, but the project has been consistently delayed since KBR received its contract in 2013. For more information, including current estimates for the capacity and investment value, see Industrial Info's project report.
The Industrial Manufacturing Industry is only narrowly behind with $8.4 billion in planned kickoffs, including Chicago Transit Authority's $1 billion proposal to replace and repair Chicago's Red Line commuter rail tracks, running from the Lawrence to Bryn Mawr transit stations. Late last month, Chicago aldermen approved the creation of a new tax-increment financing (TIF) district to help secure $1.1 billion in federal funding for the Red Line and the nearby Purple Line overhauls, which include rebuilding four stations along the Red Line. For more information, see Industrial Info's project report.
The Oil & Gas Pipeline Industry is looking at $4.16 billion in projected kickoffs for 2017, including two proposals from leading midstream companies: Energy Transfer Partners LP's (NYSE:ETP) (Dallas, Texas) $625 million pipeline from Cadiz to Defiance, Ohio, and Spectra Energy Corporation's (NYSE:SE) (Houston) $450 million pipeline from northeastern Ohio to southern Michigan. Energy Transfer's project would be a 409-mile segment of the planned, 710-mile Rover Pipeline, while Spectra's project accounts for 200 miles of the 250-mile NEXUS Gas Transmission Project that runs through Ohio, Michigan and Ontario. Both lines are expected to source natural gas from the Marcellus and Utica shale plays. For more information, see Industrial Info's project reports on the Energy Transfer and Spectra projects.
More than three-quarters of the region's total investment value (TIV)--$40.26 billion--is related to 704 projects that are now in the planning stages. The region also has 119 projects worth more than $5.91 billion in the engineering stages, while 814 projects worth about $1.75 billion are maintenance-related.
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/.
