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Released June 07, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Despite hosting a significant chunk of the prosperous Permian Basin, New Mexico is not seeing much new Oil & Gas Industry activity in the near future. But the state has plenty of other projects on the books, including major transmission and distribution plans. Industrial Info is tracking more than $3 billion in construction kickoffs in New Mexico that are slated for the second half of 2017, as well as $1.1 billion in projected completions. More than two-thirds of the kickoffs are attributed to the Power Industry, with a single Metals & Minerals Industry project accounting for most of the remainder.
The Power Industry's kickoffs are almost entirely attributed to the transmission and distribution sector, with the largest being AltEnergy LLC's (New York, New York) $1.9 billion Tres Amigas Substation in Clovis. The "super station" will unite the Eastern, Western and ERCOT transmission grids via three 5-gigawatt (GW), high-voltage, direct-current (HVDC) lines to provide better transmission of renewable-sourced energy. As planned, the facility would be built in three phases. For more details, including contractor contact information and factors leading to delays, see Industrial Info's project report.
Numerous transmission lines are expected to begin construction before the end of the year, including several from Xcel Energy Incorporated (NYSE:XEL) (Minneapolis, Minnesota): a $71 million line from Hurley to Hobbs, a $68 million line from Hurley to Loving, and a $17 million line within Eunice. The lines run 47.2, 20 and 21.8 miles, respectively, with the first two originating at Xcel's $10.14 million Kiowa Substation in Hurley. For more information, see Industrial Info's project reports on the lines ending in Hobbs, Loving and Eunice, and the Kiowa Substation.
Also in New Mexico's energy mix is Natural Chem Group LLC's (Houston, Texas) $140 million biodiesel and glycerine plant in Clovis. The company plans to produce 90 million gallons per year of biodiesel and refine 90 million gallons per year of glycerin byproduct, to produce 40,000 gallons per day of liquefied natural gas from grain sorghum and corn oil feedstocks. But the project still is in its planning stage, where plenty of factors could increase, decrease or eliminate the expected spending, or just push back the construction kickoff to another year. For more information, see Industrial Info's project report.
The Metals & Minerals Industry's sole kickoff also is in its planning phase: New Mexico Copper Corporation's (Albuquerque) $372 million copper and molybdenum mine in Hillsboro. The company plans to restart the mine, which has been closed since 1986, to produce 57 million pounds per year of copper, 2.6 million pounds per year of molybdenum, 20,000 ounces per year of gold and 600,000 ounces per year of silver. For more information, see Industrial Info's project report.
New Mexico already is looking at $1.1 billion worth of completions slated for second-half 2017, more than half of which is attributed to a single project from Avangrid Renewables, a subsidiary of Avangrid Incorporated (NYSE:AGR) (New Haven, Connecticut) and part of Iberdrola S.A.: the $600 million El Cabo Windfarm in Moriarty. The complex will comprise 149 wind turbine generators, each with a capacity of 2 MW, for a total output of 298 MW. It is expected to wrap up in the fourth quarter. For more information, see Industrial Info's project report.
But only one renewable-generation project is set to begin construction in New Mexico before the end of the year: PNM Resources Incorporated's (Albuquerque, New Mexico) $15 million solar plant in Los Lunas. The facility, which is expected to use 35,000 photovoltaic panels to generate 10 MW, is scheduled to begin construction late in the fourth quarter. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
The Power Industry's kickoffs are almost entirely attributed to the transmission and distribution sector, with the largest being AltEnergy LLC's (New York, New York) $1.9 billion Tres Amigas Substation in Clovis. The "super station" will unite the Eastern, Western and ERCOT transmission grids via three 5-gigawatt (GW), high-voltage, direct-current (HVDC) lines to provide better transmission of renewable-sourced energy. As planned, the facility would be built in three phases. For more details, including contractor contact information and factors leading to delays, see Industrial Info's project report.
Numerous transmission lines are expected to begin construction before the end of the year, including several from Xcel Energy Incorporated (NYSE:XEL) (Minneapolis, Minnesota): a $71 million line from Hurley to Hobbs, a $68 million line from Hurley to Loving, and a $17 million line within Eunice. The lines run 47.2, 20 and 21.8 miles, respectively, with the first two originating at Xcel's $10.14 million Kiowa Substation in Hurley. For more information, see Industrial Info's project reports on the lines ending in Hobbs, Loving and Eunice, and the Kiowa Substation.
Also in New Mexico's energy mix is Natural Chem Group LLC's (Houston, Texas) $140 million biodiesel and glycerine plant in Clovis. The company plans to produce 90 million gallons per year of biodiesel and refine 90 million gallons per year of glycerin byproduct, to produce 40,000 gallons per day of liquefied natural gas from grain sorghum and corn oil feedstocks. But the project still is in its planning stage, where plenty of factors could increase, decrease or eliminate the expected spending, or just push back the construction kickoff to another year. For more information, see Industrial Info's project report.
The Metals & Minerals Industry's sole kickoff also is in its planning phase: New Mexico Copper Corporation's (Albuquerque) $372 million copper and molybdenum mine in Hillsboro. The company plans to restart the mine, which has been closed since 1986, to produce 57 million pounds per year of copper, 2.6 million pounds per year of molybdenum, 20,000 ounces per year of gold and 600,000 ounces per year of silver. For more information, see Industrial Info's project report.
New Mexico already is looking at $1.1 billion worth of completions slated for second-half 2017, more than half of which is attributed to a single project from Avangrid Renewables, a subsidiary of Avangrid Incorporated (NYSE:AGR) (New Haven, Connecticut) and part of Iberdrola S.A.: the $600 million El Cabo Windfarm in Moriarty. The complex will comprise 149 wind turbine generators, each with a capacity of 2 MW, for a total output of 298 MW. It is expected to wrap up in the fourth quarter. For more information, see Industrial Info's project report.
But only one renewable-generation project is set to begin construction in New Mexico before the end of the year: PNM Resources Incorporated's (Albuquerque, New Mexico) $15 million solar plant in Los Lunas. The facility, which is expected to use 35,000 photovoltaic panels to generate 10 MW, is scheduled to begin construction late in the fourth quarter. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
