Quebec's Wind Energy, Mining Projects Lead $736 Million in Project Kick-Offs for Fourth-Quarter 2014

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Researched by Industrial Info Resources (Sugar Land, Texas)--Boosted by abundant mineral resources and government incentives, Quebec is becoming a major Canadian destination for power and mining projects. Industrial Info is tracking $736 million in active and unconfirmed projects that are set to kick off in the Canadian province in the fourth quarter of 2014, with almost all attributed to the Metals & Minerals, Power and Pharmaceutical industries.

Click on the image at right for a graph detailing active projects scheduled to kick off in the fourth quarter of 2014 in Quebec by industry.

Not surprisingly, the single largest project set to kick off construction in Quebec in the fourth quarter comes from the Metals & Minerals Industry, which accounts for more than 40% of the TIV: Argex Titanium Incorporated's (Montreal, Quebec) $247.6 million construction of a titanium dioxide (TiO2) manufacturing plant in Salaberry-De-Valleyfield. The company plans to use its hydrometallurgical processing technology to produce 50,000 tons per year of TiO2 from ilmenite ore tailings. WSP Global Incorporated (Montreal) is performing design-engineering services.

View Project Report - 300100854

Although the Power Industry has the second-largest TIV of any industry, it only accounts for two projects, both windfarms: EDF EN Canada Incorporated's (Montreal) $175 million construction of the Mont Rothery Windfarm in Murdochville, and Boralex Incorporated's (Montreal) $50 million construction of the La Cote de Beaupre Windfarm in Beaupre. The Mont Rothery Windfarm is expected to feature 37 Senvion wind turbine generators of 2 megawatts (MW) each, for a total capacity of 74 MW. Senvion Canada Incorporated (Montreal) is serving as technology provider. EDF EN Canada is a subsidiary of Electricite de France S.A. (Paris, France).

View Project Report - 300024517

The La Cote de Beaupre Windfarm is expected to feature 11 Enercon wind turbine generators of 2.3 MW each, for a total capacity of about 25 MW. Among Canadian provinces, Quebec ranks second only to Ontario in installed wind power, with about 2,400 MW.

View Project Report - 300014880

The Pharmaceutical & Biotech Industry boasts the third-largest TIV and the third-largest project: Green Cross Corporation's (Yongin, South Korea) $170 million construction of a biotherapeutics blood plasma fractionation plant in Montreal. The facilities will produce up to 1 million liters per year of fractionated plasma for various companies, including Hema-Quebec (Quebec City, Quebec). Verreault Incorporated (Montreal) is performing construction management services.

View Project Report - 300173220

Projects from all other industries that are set to begin construction in Quebec in the fourth quarter total $27 million in investment value.

More than half of the region's TIV--about $318 million--is related to projects that are now in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. The region also has $286 million worth of projects in the engineering stages, while almost $32 million worth already have kicked off the first stage of construction and will kick off the second in the fourth quarter.

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.