Production
LNG Terminal Project Dominates Mississippi's Jackson County
Throughout Mississippi, Industrial Info is tracking nearly 300 active projects with a combined total investment value $29.86 billion. Jackson County, with its $8.7 billion in projects, represents one of the strongest areas for potential industrial activity in the state.
Released Wednesday, September 21, 2016
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Researched by Industrial Info Resources (Sugar Land, Texas)--There are 82 counties in Mississippi, many boasting big, high-dollar industrial projects being tracked by Industrial Info. However, only Jackson County can take top honors for the highest value of project activity. Situated on the Gulf Coast in southeast Mississippi, Jackson County is home to some of the highest-value projects in the U.S., particularly in the Oil & Gas sector, accounting for a combined $8.7 billion in active projects.
The county's largest project by far is Gulf LNG Energy LLC's (Pascagoula, Mississippi) planned grassroot liquefied natural gas (LNG) production and export terminal in Pascagoula, which contributes more than $8 billion to the county's active projects. Gulf LNG is a subsidiary of Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas). The project will take place at an existing LNG import and regasification terminal. Phase I is planned to kick off in 2018, taking approximately three and half years to complete. This first phase has a total investment value of $4 billion and entails a 6 million-metric-ton-per-year production train, along with necessary storage and shipping capacity.
Construction of a second 6 million-metric-ton-per-year LNG train could begin in 2019, also taking about three and half years to complete, and doubling the facility's production and export capacity. The terminal would retain its current capability to receive, store, regasify and deliver natural gas into the interstate pipeline system as originally constructed, thereby making the Gulf LNG terminal bi-directional.
Outside of Gulf LNG's proposed plant, other projects help contribute to the Oil & Gas Production Industry's dominance in the county. One of these is Enterprise Products Partners LP's (NYSE:EPD) (Houston) rebuild of Train "B" at the company's natural gas processing plant in Pascagoula, which was damaged by an explosion and fire in late June. The rebuild is under way and is expected to be completed next summer.
Running in a very distant second place to Oil & Gas Production is the Power Industry, accounting for $555 million worth of projects. Chief among these is Southern Company's (NYSE:SO) (Atlanta, Georgia) planned selective catalytic reduction NOx-control retrofit to help curb emissions of units 1 and 2 at Mississippi Power Company's (Gulfport, Mississippi) coal-fired power plant in Moss Point, Mississippi. The project has a tentative start date of 2020 and would take approximately three years to complete.
Throughout Mississippi, Industrial Info is tracking nearly 300 active projects with a combined total investment value $29.86 billion.
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.
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