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Released October 28, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--According to Industrial Info's Global Market Intelligence (GMI) Project Database, Arkansas has $7.25 billion worth of industrial projects under construction, and one industry has emerged a clear leader in the state's industrial landscape. Arkansas' Metals & Minerals Industry, accounting more than $4 billion in current spending, leads all other sectors in the value of underway projects, encompassing two steel mills and a high-dollar project aimed at emissions reduction.
By far the largest project underway in the state is United States Steel Corporation's (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) new steel minimill in Osceola, construction of which kicked off in early 2022. The plant will include two state-of-the-art electric arc furnaces, providing 3 million tons per year of steelmaking capability, as well as an endless casting and rolling line, and advanced finishing technology to reduce greenhouse gas emissions. According to a presentation released by the company, U.S. Steel plans for steel from the new mill to target automotive, appliance and construction end-markets, with a product mix of 40% cold-rolled steel, 30% hot-rolled steel and 30% coated steel. Construction is expected to be completed by the end of this year. Subscribers to Industrial Info's GMI Metals & Minerals Project Database can click here for more details on the project.
The other steel mill under construction in the state is a smaller undertaking that will focus on rebar production and is being constructed only a few miles from the U.S. Steel mill. Plant owner Hybar LLC (Osceola) has engaged general contractor Lexicon Incorporated (Little Rock, Arkansas) to construct a 630,000-ton-per-year rebar mill in Osceola. The project broke ground in the summer of 2023 and is expected to be completed in the second half of next year. Aiming to offset emissions, Hybar also plans for a 105-megawatt (MW) solar energy center to be built adjacent to the plant. Although construction of the power facility hasn't yet begun, work on that part of the project is expected to begin by the end of this year, putting it on track to be completed around the same time as the mill. Subscribers can learn more by viewing the reports on the rebar mill and solar farm.
One of the most ambitious emissions-reduction projects in the Metals & Minerals Industry comes at a plant for treating spent potlining, a hazardous waste generated by aluminum smelting, at a plant in Arkadelphia. Veolia Environnement SA (Aubervilliers, France) is aiming for near-zero emissions at the plant through multiple projects, the larger of which is for the establishment of a waste heat-to-power plant that will replace two natural gas-fired units that were installed about 50 years ago. The waste heat will provide 8 MW of power, meeting up to 70% of the plant's total power needs. Most of the balance of power for the plant will be supplied by a 5-MW solar farm. The power from the solar farm will be sold to South Central Arkansas Electric Cooperative (Arkadelphia), which will sell the power back to Veolia as part of a green-energy offset. Construction on both the waste heat plant and solar farm began earlier this year, and the greener power from both project components is expected to begin flowing by the end of this year. Subscribers can learn more by viewing the reports on the waste heat plant and the solar farm.
Ranking a distant second place in Arkansas' current project activity is the Power Industry, which features projects primarily for the solar and hydropower sectors. Industrial Info is tracking four solar farms (not including the ones for the Metals & Minerals plants), ranging in size from 100 MW to 250 MW. The largest of these is owned by Lightsource bp (London, England) and also is under construction near Osceola. Last week, British energy company BP (NYSE:BP) (London) completed the acquisition of the 50.3% portion of Lightsource bp that it did not hold in the company. Construction on Lightsource bp's Driver solar project kicked off in early 2023, entailing the placement of approximately 650,000 solar panels to provide 250 MW of power. The project is expected to be completed in the coming months. Subscribers to Industrial Info's Power Project Database can click here for more details on the project.
The Industrial Manufacturing Industry rounds out the top three highest spenders for under-construction projects in Arkansas, led by a plant to manufacture decking and rails from recycled plastic film and reclaimed sawdust. Ground on Trex Company Incorporated's grassroot manufacturing campus in Little Rock was first turned this summer as the first portion of a two-phase project. Phase I will include the construction of more than 788,000 square feet of buildings on a 300-acre site near the Port of Little Rock. Upon completion of this first portion of the project, which is expected by the end of next year, Trex will begin rolling out its composite decking boards, which the company claims do not rot, split, splinter or fade like traditional wood products. Although not planned for some time, Trex eventually plans to add more building space and production capacity through Phase II, which could be completed in 2027. Subscribers to Industrial Info's GMI Project Database can learn more by viewing the related project reports.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
By far the largest project underway in the state is United States Steel Corporation's (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) new steel minimill in Osceola, construction of which kicked off in early 2022. The plant will include two state-of-the-art electric arc furnaces, providing 3 million tons per year of steelmaking capability, as well as an endless casting and rolling line, and advanced finishing technology to reduce greenhouse gas emissions. According to a presentation released by the company, U.S. Steel plans for steel from the new mill to target automotive, appliance and construction end-markets, with a product mix of 40% cold-rolled steel, 30% hot-rolled steel and 30% coated steel. Construction is expected to be completed by the end of this year. Subscribers to Industrial Info's GMI Metals & Minerals Project Database can click here for more details on the project.
The other steel mill under construction in the state is a smaller undertaking that will focus on rebar production and is being constructed only a few miles from the U.S. Steel mill. Plant owner Hybar LLC (Osceola) has engaged general contractor Lexicon Incorporated (Little Rock, Arkansas) to construct a 630,000-ton-per-year rebar mill in Osceola. The project broke ground in the summer of 2023 and is expected to be completed in the second half of next year. Aiming to offset emissions, Hybar also plans for a 105-megawatt (MW) solar energy center to be built adjacent to the plant. Although construction of the power facility hasn't yet begun, work on that part of the project is expected to begin by the end of this year, putting it on track to be completed around the same time as the mill. Subscribers can learn more by viewing the reports on the rebar mill and solar farm.
One of the most ambitious emissions-reduction projects in the Metals & Minerals Industry comes at a plant for treating spent potlining, a hazardous waste generated by aluminum smelting, at a plant in Arkadelphia. Veolia Environnement SA (Aubervilliers, France) is aiming for near-zero emissions at the plant through multiple projects, the larger of which is for the establishment of a waste heat-to-power plant that will replace two natural gas-fired units that were installed about 50 years ago. The waste heat will provide 8 MW of power, meeting up to 70% of the plant's total power needs. Most of the balance of power for the plant will be supplied by a 5-MW solar farm. The power from the solar farm will be sold to South Central Arkansas Electric Cooperative (Arkadelphia), which will sell the power back to Veolia as part of a green-energy offset. Construction on both the waste heat plant and solar farm began earlier this year, and the greener power from both project components is expected to begin flowing by the end of this year. Subscribers can learn more by viewing the reports on the waste heat plant and the solar farm.
Ranking a distant second place in Arkansas' current project activity is the Power Industry, which features projects primarily for the solar and hydropower sectors. Industrial Info is tracking four solar farms (not including the ones for the Metals & Minerals plants), ranging in size from 100 MW to 250 MW. The largest of these is owned by Lightsource bp (London, England) and also is under construction near Osceola. Last week, British energy company BP (NYSE:BP) (London) completed the acquisition of the 50.3% portion of Lightsource bp that it did not hold in the company. Construction on Lightsource bp's Driver solar project kicked off in early 2023, entailing the placement of approximately 650,000 solar panels to provide 250 MW of power. The project is expected to be completed in the coming months. Subscribers to Industrial Info's Power Project Database can click here for more details on the project.
The Industrial Manufacturing Industry rounds out the top three highest spenders for under-construction projects in Arkansas, led by a plant to manufacture decking and rails from recycled plastic film and reclaimed sawdust. Ground on Trex Company Incorporated's grassroot manufacturing campus in Little Rock was first turned this summer as the first portion of a two-phase project. Phase I will include the construction of more than 788,000 square feet of buildings on a 300-acre site near the Port of Little Rock. Upon completion of this first portion of the project, which is expected by the end of next year, Trex will begin rolling out its composite decking boards, which the company claims do not rot, split, splinter or fade like traditional wood products. Although not planned for some time, Trex eventually plans to add more building space and production capacity through Phase II, which could be completed in 2027. Subscribers to Industrial Info's GMI Project Database can learn more by viewing the related project reports.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
