More Than $56 Billion of Industrial Projects Set to Kick Off in Texas, Louisiana

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Researched by Industrial Info Resources (Sugar Land, Texas)--More than $56 billion in industrial capital and maintenance projects are planned to kick off in Texas and Louisiana in 2013. Texas has more than $33 billion in planned project kickoffs, while Louisiana has more than $23.5 billion. Although some of these planned projects will be pushed out or canceled altogether, the two states are starting the year with quite respectable figures for planned industrial construction starts in 2013.

The highest-value industries for the two states are the Oil & Gas Production and Chemical Processing industries, which account for $13.2 billion and $12.5 billion, respectively. For additional information on Chemical Industry growth, see January 8, 2013, article - Industrial Info's Long-Term Service Agreements Database for Chemical Industry More than Doubles in 2012.

Click on image at right for a breakdown by industry of planned 2013 project starts in Texas and Louisiana.

Much of the value of Oil & Gas Production projects comes from planned liquefied natural gas (LNG) production facilities, which require federal approval to proceed. These include Sempra LNG's (San Diego, California) grassroot LNG liquefaction plant in Hackberry, Louisiana, which has an estimated total investment value of $6 billion.

One of the largest Chemical Industry projects that could kick off this year is ExxonMobil Chemical Company's (Houston, Texas) ethylene unit addition at the company's facility in Baytown, Texas. ExxonMobil Chemical is evaluating the addition of 3 billion-pound-per-year ethylene unit, which would use ethane as the primary feedstock. For additional information about the strong rise in the number of ethylene production projects under consideration, see June 22, 2012, article - Ethylene Producers Race to Cheap Feedstock.

These trends and more will be discussed at Industrial Info's upcoming market outlook conference in Houston, Texas. Each year, Industrial Info holds executive briefings in different locations to summarize its outlook for industrial market spending. Our upcoming outlook in Houston will be held at the Hilton Americas on January 30. The outlook will cover the United States and Canada, with special emphasis on the Gulf Coast and Southwest regions. Highlighted industries will include Power Generation; Oil & Gas Storage, Transmission and Production; Petroleum Refining; Chemical Processing; Food & Beverage; and Pulp & Paper.

Click here to make reservations for the outlook, or click on the "Market Outlook" link in the "About Us" section of our website. Registration will begin at 3:30 p.m., and the outlook presentations will begin promptly at 4:00 p.m., followed by a "meet and greet" opportunity, allowing you to ask our industry experts one-on-one questions and network with other people in your marketing sector. Drinks and hors d'oeuvres will be served.

Find out what's moving your market. You can't afford to miss this event!

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.