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Released May 28, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is now tracking more than $1 trillion in active projects worldwide that have been delayed or otherwise affected by COVID-19, including about $180 billion from U.S.-based projects. The total investment value (TIV) attached to affected projects has been growing at a slower pace globally and is nearly unchanged within the U.S. from the previous week, according to Industrial Info's project database. Nonetheless, industries such as Metals & Minerals and Power Generation continue to see major projects pushed back, even as many businesses begin to reopen.
Click here for a global list of affected projects.
Click on the image at right for a graph detailing global projects to be affected by COVID-19, by industry.
COVID-19 precautions have only added to the challenges faced by one of the most ambitious renewable-energy projects in New York State: Invenergy LLC's (Chicago, Illinois) $160 million Number Three Windfarm in Lowville, which is about 80 miles northeast of Syracuse. New York aims to generate about 70% of its electricity from renewable sources by 2030, and legislators are trying to find ways to streamline the permitting process for wind and solar projects. The Number Three Windfarm, which is designed to generate 105 megawatts (MW) from 31 turbines, is among the projects that had been running into hurdles made out of red tape. For more information, see Industrial Info's project report.
Invenergy had planned to finish the Number Three Windfarm by the end of next spring, but that goal has been pushed back to the end of 2021, along with at least four other major components:
On the downstream side of the Metals & Minerals Industry, Zekelman Industries Incorporated (Chicago, Illinois) is delaying the projected completion of an estimated $150 million tubing mill in Blytheville, Arkansas, from third-quarter to fourth-quarter 2021. Atlas Tube Incorporated, a subsidiary of Zekelman, plans to produce electric resistance-welded (ERW) hollow structural sections at the facility. For more information, see Industrial Info's project report.
Louisiana is one of the busiest places for the Chemical Processing Industry, which continues to see some project-related uncertainties despite its status as an "essential" business. Huntsman Corporation (NYSE:HUN) (The Woodlands, Texas) is indefinitely delaying an estimated $40 million phosgene-production unit at its facility in Geismar, which is intended to replace a demolished unit. For more information, see Industrial Info's project report.
Willamette Valley Company (Eugene, Oregon) is re-evaluating a proposed, $5 million expansion of its paint and resins plant in Pineville. Willamette's project would include a dozen bulk storage tanks, each holding between 16,000 and 24,000 gallons, and three more tanks each holding between 4,000 and 5,000 gallons. For more information, see Industrial Info's project report.
The growing need for essential commodities and a stable supply chain is expected to benefit the commercial transportation and logistics sector when COVID-19 precautions begin to wind down. According to Research and Markets, the global logistics market is projected to grow from $2.7 billion in 2020 to $3.2 billion by 2021, driven in part by the need for testing and personal protective equipment.
Nonetheless, transportation and logistics provider A. Duie Pyle (West Chester, Pennsylvania) is slowing the construction of a $42 million distribution center in Greencastle, Pennsylvania, which is designed to service 40 trucks per day, and is pushing its completion date from May to October 2020. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
Click here for a global list of affected projects.
Click on the image at right for a graph detailing global projects to be affected by COVID-19, by industry.COVID-19 precautions have only added to the challenges faced by one of the most ambitious renewable-energy projects in New York State: Invenergy LLC's (Chicago, Illinois) $160 million Number Three Windfarm in Lowville, which is about 80 miles northeast of Syracuse. New York aims to generate about 70% of its electricity from renewable sources by 2030, and legislators are trying to find ways to streamline the permitting process for wind and solar projects. The Number Three Windfarm, which is designed to generate 105 megawatts (MW) from 31 turbines, is among the projects that had been running into hurdles made out of red tape. For more information, see Industrial Info's project report.
Invenergy had planned to finish the Number Three Windfarm by the end of next spring, but that goal has been pushed back to the end of 2021, along with at least four other major components:
- a $65 million solar photovoltaic (PV) plant, designed to generate 20 MW; see project report
- a $10 million collector substation; see project report
- an $8 million switchyard substation; see project report
- an $8.6 million transmission line connecting these two substations; see project report
On the downstream side of the Metals & Minerals Industry, Zekelman Industries Incorporated (Chicago, Illinois) is delaying the projected completion of an estimated $150 million tubing mill in Blytheville, Arkansas, from third-quarter to fourth-quarter 2021. Atlas Tube Incorporated, a subsidiary of Zekelman, plans to produce electric resistance-welded (ERW) hollow structural sections at the facility. For more information, see Industrial Info's project report.
Louisiana is one of the busiest places for the Chemical Processing Industry, which continues to see some project-related uncertainties despite its status as an "essential" business. Huntsman Corporation (NYSE:HUN) (The Woodlands, Texas) is indefinitely delaying an estimated $40 million phosgene-production unit at its facility in Geismar, which is intended to replace a demolished unit. For more information, see Industrial Info's project report.
Willamette Valley Company (Eugene, Oregon) is re-evaluating a proposed, $5 million expansion of its paint and resins plant in Pineville. Willamette's project would include a dozen bulk storage tanks, each holding between 16,000 and 24,000 gallons, and three more tanks each holding between 4,000 and 5,000 gallons. For more information, see Industrial Info's project report.
The growing need for essential commodities and a stable supply chain is expected to benefit the commercial transportation and logistics sector when COVID-19 precautions begin to wind down. According to Research and Markets, the global logistics market is projected to grow from $2.7 billion in 2020 to $3.2 billion by 2021, driven in part by the need for testing and personal protective equipment.
Nonetheless, transportation and logistics provider A. Duie Pyle (West Chester, Pennsylvania) is slowing the construction of a $42 million distribution center in Greencastle, Pennsylvania, which is designed to service 40 trucks per day, and is pushing its completion date from May to October 2020. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
