Ohio No. 1 in Great Lakes Region with $33.8 Billion Industrial Development

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial firms are developing 502 projects representing more than $33.8 billion in potential spending in Ohio, according to Industrial Info's North American Industrial Project Database. As a result, Ohio is the number one state in the Great Lakes market region, which, in addition to Ohio, includes Illinois, Indiana, Kentucky, Michigan and Wisconsin, for industrial development.

The Power Industry is number one in the state with 85 projects totaling $12.5 billion.

Click on the image at right to view a chart showing the breakdown of Project Spending in Ohio by Industry.

Low natural gas prices and Oil & Gas Industry development are driving project development for many industries, including the Chemical Processing Industry, which is currently ranked number 2 in the state with 97 projects totaling $5.9 billion. PCS Nitrogen Incorporated (Lima, Ohio) could start construction this year on a $150 million expansion of the company's ammonia unit at a fertilizer manufacturing plant in Lima, Ohio.

Oil & Gas Transmission and Production, combined with downstream Petroleum Refining accounts for 100 projects totaling $9.2 billion. M3 Midstream LLC (Durango, Colorado) began construction late last year on a $200 million natural gas processing plant near Leesville, Ohio. A number of processing plants are being built in the area to process shale gas from the Utica and Marcellus shale plays.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three 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.