More Than $148 Billion in Project Spending Proposed for Canada in 2013

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than 900 industrial projects worth an estimated $148.85 billion that are set to begin construction in Canada in 2013. A large portion of the spending is planned for the western half of the country, primarily due to the large oil sands projects set to kick off, which help make the Metals & Minerals and Oil & Gas Production industries the country's top spenders.


Industrial Info's 2013 Canada Industrial Market Spending Wall Map Series provides a geographical view of where these planned projects are located. The maps provide an analysis of spending by industry and location, as well as an overview of spending by construction start date. Detailed maps for Eastern and Western Canada are available, providing granular information about plants, planned projects and spending breakdowns for each province. An overview map provides a general summary and statistics for the 930 projects planned to kick off throughout all of Canada in 2013.

Alberta, home to the oil sands projects, leads the country in terms of future spending, with more than $47 billion in planned project starts in 2013. Among the largest of these projects is Imperial Oil Limited's (AMEX:IMO) (Calgary, Alberta) addition of a second train at its oil sands facility in the province. Alberta is dominated by activity in the oil sands sector, including transmission, production and refining projects.

Neighboring British Columbia, with slightly less than $40 billion in planned projects, provides more diversified industrial development, including a liquefied natural gas (LNG) liquefaction plant and a grassroot gold/copper mine. As global demand for LNG increases, production and export facilities feature heavily in the planned project spending in the region.

In Eastern Canada, Metals & Minerals Industry projects involving mines and mills contribute substantially to planned spending in Quebec and Ontario. Renewable energy projects dominate the planned Power Industry spending in the region. These Power projects include South Kent Wind LP's 270-megawatt grassroot windfarm in southern Ontario near Lake Erie. The Montreal office of RES Americas (Broomfield, Colorado) is acting as general contractor on the project, which is expected to be completed by the end of the year.

Industrial Info's Canada Industrial Market Spending Wall Map Series provides an overview of these projects and more. Approach 2013 with a better understanding of your marketplace, knowing who is spending, and who is planning to spend!

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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.