Project Restarts Add More than $220 Billion to Global Industry

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Researched by Industrial Info Resources (Sugar Land, Texas)--Globally, Industrial Info is tracking 694 projects worth $220.46 billion that previously were canceled or placed on hold, but since have returned to an active status. These project restarts are under construction, or in the planning or engineering stages. More than 85% of the total is attributed to just four industries: Power, Metals & Minerals, Chemical Processing and Petroleum Refining.

Click on the image at right for a graph detailing active restart projects by industry.

North America alone accounts for 309 restarted projects worth $82.97 billion. Globally, nuclear power projects total roughly $28.5 billion in investment value, while coal-fired projects are narrowly behind at $26.64 billion. Wind power projects account for $18.74 billion, and natural gas-fired projects stand at $16.06 billion.

The Power Industry alone accounts for almost half of all project restarts, with $102.41 billion that are planned or under construction. They include PSEG Power LLC's (Newark, New Jersey) $650 million addition of a combined-cycle unit at a natural gas-fired station in Sewaren, New Jersey. The unit will feature a 337-megawatt (MW) General Electric (NYSE:GE) combustion turbine generator, with a duct-fired heat-recovery steam generator, and a 203-MW steam turbine generator for a total output of 540 MW. The project, now in its preliminary engineering phase, is expected to begin construction in second-quarter 2016. For more information, see Industrial Info's project report.

The Metals & Minerals Industry is looking at $49.28 billion in active projects that were restarted during their lifetimes, including CEMEX S.A.B. de C.V.'s (San Pedro, Mexico) $650 million expansion of the Tepeaca cement plant in Cuautinchan, Mexico. The company plans to build a 10,000-ton-per-day production line that will boost output from 3.2 million to 4.4 million tons per year. For more information, see Industrial Info's project report.

The Chemical Processing Industry has $21.67 billion in active projects that were once cancelled or put on hold, including IFFCO Canada Enterprise Limited's (Becancour, Quebec) $400 million construction of an ammonia plant in Becancour, Quebec. Part of a planned, $1.1 billion nitrogen fertilizer complex, the facility is expected to produce 2,200 metric tons per day of ammonia. L Nardella Associates Limited (Laval, Quebec) is performing engineering, procurement and construction services. For more information, see Industrial Info's project report.

The Petroleum Refining Industry is looking at $16.52 billion in projects that have returned to active status, including Flint Hills Resources LP's (Wichita, Kansas) $150 million addition of a combined heat & power unit at the Pine Bend Refinery in Rosemount, Minnesota. The company plans to install a combustion turbine generator and a heat-recovery steam generator at the 339,000-barrel-per-day refinery. Flint Hills is a subsidiary of Koch Industries Incorporated (Wichita). For more information, see Industrial Info's project report.

More than three-quarters of the total investment value (TIV) for project restarts--about $171.27 billion--is related to 475 projects that are now in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. About 137 projects worth $40.76 billion are in the engineering stages, while 78 projects worth $8.3 billion already are in the construction stages.

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.