More Than $43.8 Billion in Projects Planned for U.S. Northeast, New England Through 2016

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $43.8 billion in industrial capital and maintenance projects that are set to kick off from now through 2016 in the Northeastern U.S. and New England.

Abundant natural gas from Marcellus Shale wells in Pennsylvania are responsible for much of the activity, particularly in the Power Industry, as developers seek to take advantage of the inexpensive fuel available in the region, particularly as environmental legislation continues to force the closure of older, less efficient coal-fired power plants. Industrial Info is tracking 34 capital projects valued at $12.4 billion at natural gas-fired power plants in the region that are set to kick off from now through 2016. These include grassroot construction, unit additions and repowers. Most of this spending is destined for New York and Pennsylvania.

The largest of these projects is the 1,002-megawatt (MW) Cricket Valley Energy Center in Dover, New York, which is about 80 miles north of Manhattan. The project has an estimated total investment value of $1.4 billion and could kick off in early 2016, taking approximately three years to complete. In Jessup, Pennsylvania, initial construction on Invenergy LLC's (Chicago, Illinois) 1,300-MW Lackawanna Energy Center is expected to begin this year, although as with other large, new-build facilities of this nature, the project is facing headwinds regarding zoning and other permissions.

Click on image at right for a spending analysis by county for the region's top spending states: New York, Pennsylvania and New Jersey.

Several natural gas pipeline projects are also being proposed in the region, accounting for $4.7 billion in project activity, most of which is planned for Pennsylvania. Projects range in size from the placement of relatively small lateral pipelines to Sunoco Logistics Partners LP's (NYSE:SXL) (Philadelphia, Pennsylvania) Mariner East II pipeline project, which will carry natural gas liquids (NGLs) from Ohio and western Pennsylvania across the state to the company's Marcus Hook industrial complex near the Pennsylvania-Delaware-New Jersey border.

Always a major player in the region, the Pharmaceutical-Biotech Industry boasts more than 100 capital and maintenance projects that are set to kick off in the New England and Northeast regions through 2016, with New York and Massachusetts boasting combined Pharma-Biotech project start values of more than $1 billion during this time. These projects include a wide range of research, manufacturing and distribution facilities and are a key component to the economic development in the area.

On September 8, 2015, Industrial Info will be hosting a complimentary Market Outlook & Networking Event at the Hyatt Regency in Jersey City, New Jersey. The panel discussion will feature nine industry experts and will focus on industrial market trends and drivers through 2016 for the U.S. and Canada, with a special emphasis on the Northeastern U.S. and New England.

Industries covered include:

• Oil & Gas
• Power Generation
• Petroleum Refining
• Chemical Processing
• Metals & Minerals
• Pulp, Paper & Wood
• Food & Beverage
• Industrial Manufacturing
• Pharmaceutical & Biotech

Our experts want to answer your questions, and there is a section to submit your questions on the RSVP form, allowing us to directly address our audience's key concerns.

In addition, after the discussion, cocktails and hors d'oeuvres will be available, allowing you to network with your industry peers and speak with our industry leaders.

Don't miss this valuable opportunity to gain an understanding of current trends in the market, as well as insight into what the future holds!

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