Louisiana Features $9.34 Billion in Project Kickoffs for Second-Quarter 2016

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Researched by Industrial Info Resources (Sugar Land, Texas)--Led by the Chemical Processing Industry, Louisiana is hosting 138 projects worth $9.34 billion set to kick off in the second quarter of this year, according to Industrial Info's database. Oil & Gas Production and Oil & Gas Pipelines follow close behind in terms of project spending in the Bayou State.

Click on the image at right to view a chart showing the breakdown of projects in Louisiana by industry

The 52 chemical processing projects kicking off in the state in the second quarter amount to a total investment value (TIV) of $4.6 billion. The largest one by value is a $2 billion ethylene unit addition in Westlake. The project is being conducted by LACC LCC, a joint venture between Lotte Chemical Corporation (Seoul, South Korea) and minority partner Axiall Corporation (NYSE:AXLL) (Atlanta, Georgia). It consists of a new ethane cracker unit to produce ethylene feedstock for Axiall's process operations and feedstock for Lotte Chemical as well as installing supporting utilities. For more information on this project, currently in the engineering stages, see Industrial Info's project report and March 22, 2016, article - U.S. Chemical Industry Plans $5 Billion in Second-Quarter 2016 Construction Starts.

Louisiana has 16 oil and gas production projects worth $2.7 billion kicking off during the quarter. The largest is the $2.5 billion Sabine Pass natural gas liquefaction train #6 addition in Cameron, currently in the planning stage. This project, owned by Cheniere Energy Incorporated (NYSE:LNG) (Houston, Texas), involves constructing a train for the purpose of producing 4.5 million metric tons per year of liquefied natural gas (LNG), bringing the total site production capacity to 24.5MM Metric T/yr LNG.For more information, see project report.

The largest oil and gas pipelines project kicking off in The Boot is the $250 million grassroot Y-grade natural gas liquids pipeline in Natchitoches. Out of the 14 pipelines projects with a TIV of $815 million kicking off in the state, this project includes installing about 200 miles of pipeline for the purpose of moving up to 200,000 barrels per day (BBL/d) of natural gas liquids (NGLs). The project is being conducted by a joint venture between Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) and MarkWest Utica EMG (Denver, Colorado). It is part of the KM MarkWest Utica Pipeline Project from the Marcellus and Utica Shale Play area. For more information, see Industrial Info's project report.

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