Lake County Rises to the Top of $26.8 Billion in Indiana Industrial Project Developments

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial firms in Indiana are developing 386 industrial projects totaling $26.8 billion, according to Industrial Info's North American Industrial Project Database. These projects fall into 10 vertical markets, including Power, Oil & Gas Terminals, Oil & Gas Transmission, Alternative Fuels, Petroleum Refining, Chemicals, Metals & Minerals, Food & Beverage, Industrial Manufacturing and Pharma-Biotech.

Click on the image at right to view a chart showing the breakdown of the top 10 counties in Indiana for industrial projects.

The top 10 counties for industrial project activity in Indiana include Lake, Vermillion, Spencer, Saint Joseph, Posey, Madison, Howard, Tippecanoe, Gibson and Marion. These 10 counties account for 66% of the project activity in the state by value, with 147 projects totaling $17.6 billion.

Named after Lake Michigan, and bordering Illinois and Chicago to the west, is Lake County, the second-most populous county in Indiana and No. 1 in the state for industrial projects, with 41 representing $3.4 billion in total investment value. In Lake County, BP Products North America Incorporated (Whiting, Indiana), a division of BP plc (NYSE:BP) (London, England), is nearing completion of several projects, including an $800 million delayed coker unit addition at the Whiting Refinery. The addition is part of a $3.8 billion project to boost processing capacity for Canadian sour crude oil.

To the south and center of Indiana and bordering Illinois is Vermillion County, which has the second-largest value of active industrial projects, with $3 billion planned. Duke Energy (NYSE:DUK), which operates the Cayuga Power Station in Vermillion County, began construction last month on a $150 million emissions improvement project, which will allow the plant to meet state and federal emissions guidelines. The project involves the installation of two selective catalytic reduction units to reduce NOx emissions at the coal-fired power plant. The project is scheduled for completion in 2014.

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.