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Researched by Industrial Info Resources (Sugar Land, Texas)--A vaccine-manufacturing facility and a major windfarm project account for almost half of Quebec's $597.17 million in projects that are set to begin construction in the third quarter of 2015. Almost 85% of the total is attributed to three industries: Pharmaceutical & Biotech, Power, Industrial Manufacturing and Alternative Fuel.
Click on the image at right for a graph detailing planned third-quarter 2015 project kickoffs in Quebec by industry.
The Pharmaceutical & Biotech Industry is far ahead of all other industries, with $309 million in Quebec projects set to begin construction in the third quarter, although this is largely due to a single project: Medicago Incorporated's (Quebec City, Quebec) $245 million construction of a vaccines plant in Quebec City's Estimauville Innovation Park. The company plans to build a 474,000-square-foot campus for the research, development and production of plant-based seasonal flu vaccines , with an annual capacity of 40 million to 50 million doses. The project is set to be completed in first-quarter 2019.
The Power Industry holds second place with $80 million in projects slated to begin construction from July through September in Quebec. More than half of that total is attributed to Algonquin Power & Utilities Corporation's (Oakville, Ontario) $48 million of a windfarm near Alma. The 24-megawatt (MW) facility is expected to utilize eight 260-foot-high, enclosed tubular steel towers, each fitted with a 3-MW E-101 wind turbine generator set from Enercon Canada Incorporated (Montreal), which is serving as technology provider. The project is expected to be completed in fourth-quarter 2016.
The Industrial Manufacturing Industry is not far behind, with $71 million in projects set to kick off, the bulk of which is attributed to the Montreal Port Authority's $67.1 million, first-phase construction of a container terminal. The project, which is part of a long-term, $104 million expansion of the port, involves building a 350,000 twenty-foot-equivalent container that will be operated by Termont Montreal Incorporated. The project is scheduled to be completed in third-quarter 2016.
The Alternative Fuel Industry's $45.57 million showing is entirely due to Atlantic Fiber Resources Limited's (Happy Valley Goose Bay, Newfoundland and Labrador) planned construction of a fuel pellet mill in Pabos. The company plans to construct production buildings and install pre-treatment and pelletizing equipment to process wood residue into 250,000 tons per year of fuel pellets. FW Technologies (Nackawic, New Brunswick) is serving as a consultant. Atlantic Fiber is a subsidiary of Canadian Northern Timber (Hanwell, New Brunswick).
Of the roughly $597 million in total investment value for projects expected to kick off in Quebec in the third quarter, nearly three quarters--$432 million--are attached to projects currently in the planning stages, where plenty of factors still could increase, decrease or eliminate the expected spending. About $116 million worth are in the engineering stages, while $49 million worth already are in the early 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.
Click on the image at right for a graph detailing planned third-quarter 2015 project kickoffs in Quebec by industry.The Pharmaceutical & Biotech Industry is far ahead of all other industries, with $309 million in Quebec projects set to begin construction in the third quarter, although this is largely due to a single project: Medicago Incorporated's (Quebec City, Quebec) $245 million construction of a vaccines plant in Quebec City's Estimauville Innovation Park. The company plans to build a 474,000-square-foot campus for the research, development and production of plant-based seasonal flu vaccines , with an annual capacity of 40 million to 50 million doses. The project is set to be completed in first-quarter 2019.
The Power Industry holds second place with $80 million in projects slated to begin construction from July through September in Quebec. More than half of that total is attributed to Algonquin Power & Utilities Corporation's (Oakville, Ontario) $48 million of a windfarm near Alma. The 24-megawatt (MW) facility is expected to utilize eight 260-foot-high, enclosed tubular steel towers, each fitted with a 3-MW E-101 wind turbine generator set from Enercon Canada Incorporated (Montreal), which is serving as technology provider. The project is expected to be completed in fourth-quarter 2016.
The Industrial Manufacturing Industry is not far behind, with $71 million in projects set to kick off, the bulk of which is attributed to the Montreal Port Authority's $67.1 million, first-phase construction of a container terminal. The project, which is part of a long-term, $104 million expansion of the port, involves building a 350,000 twenty-foot-equivalent container that will be operated by Termont Montreal Incorporated. The project is scheduled to be completed in third-quarter 2016.
The Alternative Fuel Industry's $45.57 million showing is entirely due to Atlantic Fiber Resources Limited's (Happy Valley Goose Bay, Newfoundland and Labrador) planned construction of a fuel pellet mill in Pabos. The company plans to construct production buildings and install pre-treatment and pelletizing equipment to process wood residue into 250,000 tons per year of fuel pellets. FW Technologies (Nackawic, New Brunswick) is serving as a consultant. Atlantic Fiber is a subsidiary of Canadian Northern Timber (Hanwell, New Brunswick).
Of the roughly $597 million in total investment value for projects expected to kick off in Quebec in the third quarter, nearly three quarters--$432 million--are attached to projects currently in the planning stages, where plenty of factors still could increase, decrease or eliminate the expected spending. About $116 million worth are in the engineering stages, while $49 million worth already are in the early 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.
