More Than $47.5 Billion in Third-Quarter Industrial Project Completions Planned in U.S.

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking industrial projects in the U.S. with a combined total investment value of $47.57 billion that have been completed or are planned to be completed in the third-quarter of this year. Six projects planned for third-quarter completion are valued at $1 billion or more; the Rocky Mountains market region, with $10.86 billion in planned completions, has three of these projects, helping push it to the leading position in terms of the value of these completions.

Click on image at right for a breakdown by market region of planned U.S. industrial project completions in third-quarter 2013.

The highest-value project that is planned to be completed during the quarter is Intel Corporation's (NASDAQ:INTC) (Santa Clara, California) Fab 42 addition at its semiconductor wafer manufacturing plant in Chandler, Arizona. The $5 billion project entails the construction a 1 million-square-foot building complex with supporting and production equipment that will allow the company to produce cutting-edge 14-nanometer nodes and 300-millimeter wafers for use in electronic devices.

Other large projects that have been completed are additions and expansions to support the processing of Canadian crude at BP plc's (NYSE:BP) refinery in Whiting, Indiana. The revamped 250,000-barrel-per-day crude unit came online in the second quarter of this year, while the additions of a hydrotreater, delayed coker unit, offsite utilities and more were completed early in the third quarter. BP has said the hydrotreater and coking unit will be online by the end of this year. The entire project had an overall total investment value of approximately $3 billion.

Another example of a portion of a larger project that is planned to be completed during the quarter is a segment of TransCanada Corporation's (NYSE:TRP) Gulf Coast crude oil pipeline, which will ultimately run from Cushing, Oklahoma, to Nederland, Texas, to access refineries along the Gulf Coast. A portion of the pipeline and associated pump stations in Texas is expected to be completed by the end of September, and construction of a pipeline lateral from nearby Liberty County to the Houston Ship Channel is expected to kick off during the month. Construction of the Cushing-Texas portion is anticipated to kick off early next year and be completed in summer 2015. The pipeline will have an initial capacity of 700,000 barrels per day.

Information on these and more than 1,300 projects planned for third-quarter completion in the U.S., as well as thousands of additional plants and projects across the world, is available in Industrial Info's Online Plant & Project Databases.

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