Market Outlook in Baton Rouge Offers Industry Project Insights

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Editor's note: This article has been modified for clarity.

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking $2.68 trillion in active North American projects, including more than $172 billion that are planned to kick off in Texas and Louisiana from now through 2018. Industrial Info will be discussing these projects and general market trends at its upcoming Market Outlook & Networking Event in Baton Rouge on October 12.

Texas accounts for about $120.4 billion in planned project starts from now through 2018, while Louisiana accounts $52.2 billion. As in previous years, the highest-value industries in regard to planned projects are the Chemical Processing Industry and Oil & Gas Production Industry, which account for $37.9 billion and $59.9 billion in planned project starts, respectively. Although many of these projects could be pushed out to future years or cancelled altogether, the states are demonstrating a high level of project activity as oil and gas markets stabilize and commodities gain a firmer footing in the marketplace.

Liquefied natural gas (LNG) projects also feature heavily in the states' planned spending. Among the largest LNG projects planned to kick off in Louisiana is Tellurian Incorporated's (NASDAQ:TELL) (Houston, Texas) planned LNG production and export terminal in Lake Charles. The project would kick off next summer, taking about four years to complete the first train. The facility will produce 5.2 million tons per year of LNG. Bechtel Group Incorporated (San Francisco, California) is performing the engineering. For more information, see Industrial Info's project report and September 8, 2017, article - Tellurian Advances Development of Louisiana LNG Terminal.

Within the Chemical Processing Industry, one of the largest projects is the joint-venture ethylene plant of Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) and Saudi Basic Industries Corporation (SABIC) (Riyadh, Saudi Arabia). The plant will be located near Portland, Texas, on the Gulf Coast, and will produce an estimated 3.96 billion pounds per year of ethylene. Multiple downstream units also are planned as part of the overall project. Construction is planned to kick off next summer, taking about three years to complete. For more information, see Industrial Info's project report.

Industrial Info's upcoming Market Outlook & Networking Event will be held October 12 at the Baton Rouge River Center. In addition to the Oil & Gas and Chemicals sectors, other highlighted industries will include Power and Petroleum Refining, as well as a look at the U.S. and Canada labor market. Registration begins at 3:30 p.m., with the presentations starting at 4 p.m.

After the presentations, Industrial Info will hold a networking session with complimentary drinks and hors d'oeuvres, allowing you a chance to meet your industry peers or ask further questions of our industry experts. Space is limited, so make sure to RSVP today!

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.