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Researched by Industrial Info Resources (Sugar Land, Texas)--Innovative energy projects and a less dominant mining industry are among the drivers of growth in the U.S. Rocky Mountains region for the coming year. Industrial Info is tracking $43.6 billion in active projects set to begin construction in the Rocky Mountains region in 2017, with more than 83% of the total attributed to just four industries: Power, Industrial Manufacturing, Petroleum Refining, and Metals & Minerals.
Click on the image at right for a graph detailing active projects scheduled to kick off in the Rocky Mountains region in 2017, by industry.
The Rocky Mountains region includes Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming.
The Power Industry leads all others with $16.17 billion in Rocky Mountains projects set to kick off in 2017, although most of these remain in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. Two such examples are on opposite sides of the "clean energy" line: AltEnergy LLC's (New York, New York) $1.9 billion Tres Amigas Substation in Clovis, New Mexico, and Solar Wind Energy Tower Incorporated's (Annapolis, Maryland) $1.55 billion wind energy tower in San Luis, Arizona.
As designed, the Tres Amigas Substation would have a capacity of 5 gigawatts (GW) and would be built in three phases, touching the Eastern, Western and ERCOT transmission grids, while the wind energy tower would include 25 wind-driven turbines, each with a capacity of 50 MW, for a total capacity of 1,250 MW. For more details, including contractor contact information and factors leading to delays, see Industrial Info's project reports on the Tres Amigas and wind energy tower proposals.
The Industrial Manufacturing Industry is looking at $9.55 billion in project kickoffs, including another proposal from the clean energy market: Lucid Motors USA Incorporated's (Menlo Park, California) $700 million electric car-manufacturing plant in Casa Grande, Arizona. Also in its planning phase, the plant would have an initial capacity of 10,000 luxury electric cars per year, ramping up in stages to 60,000 cars per year. For more information, see Industrial Info's project report.
The Petroleum Refining Industry is looking at $5.38 billion in active projects that are set to kick off in 2017 in the Rocky Mountains region, one of the largest being Quantum Energy Incorporated's (Tempe, Arizona) $210 million hydro-skimming refinery in Baker, Montana. The 20,000-barrel-per-day (BBL/d) facility would refine crude sourced from the Bakken Shale into ultra-low-sulfur diesel, for distribution to local markets. For more information, see Industrial Info's project report.
The Metals & Minerals Industry, normally in the driver's seat for Rocky Mountains project spending, stands in fourth place among industries for 2017 project kickoffs in the region, with $5.27 billion worth. Most of the highest-valued of these projects have met with delays and cancellations in the past few years, as low commodity prices have made economic justification difficult. Recently, however, some parts of the industry have seen lights on the horizon; for more information, see December 1, 2016, article - Supply Deficit, Strong Demand Could Benefit $16.5 Billion in Zinc Mining Projects Worldwide, and November 3, 2016, article - Metallurgical Coal Mining Projects Begin to Emerge with Improving Export Market.
A project that has faced more than seven years of kickoff delay is IC Potash Corporation's (TSX:ICP) (Toronto, Ontario) $1.02 billion Ochoa Polyhalite Potash Mine in Jal, New Mexico. As designed, the 3.7 million-tonne-per-year underground mine would produce 714,000 tons per year of sulfate of potassium. The company currently is reviewing the project to see where it can reduce costs. For more information, see Industrial Info's project report.
More than 90% of the region's total investment value (TIV) for 2017 kickoffs--about $40.6 billion--is related to 294 projects that are now in the planning stages. The region also has 73 projects worth $2.08 billion in the engineering stages, while 368 projects worth about $921 million are maintenance-related.
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. 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 on the image at right for a graph detailing active projects scheduled to kick off in the Rocky Mountains region in 2017, by industry.The Rocky Mountains region includes Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming.
The Power Industry leads all others with $16.17 billion in Rocky Mountains projects set to kick off in 2017, although most of these remain in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. Two such examples are on opposite sides of the "clean energy" line: AltEnergy LLC's (New York, New York) $1.9 billion Tres Amigas Substation in Clovis, New Mexico, and Solar Wind Energy Tower Incorporated's (Annapolis, Maryland) $1.55 billion wind energy tower in San Luis, Arizona.
As designed, the Tres Amigas Substation would have a capacity of 5 gigawatts (GW) and would be built in three phases, touching the Eastern, Western and ERCOT transmission grids, while the wind energy tower would include 25 wind-driven turbines, each with a capacity of 50 MW, for a total capacity of 1,250 MW. For more details, including contractor contact information and factors leading to delays, see Industrial Info's project reports on the Tres Amigas and wind energy tower proposals.
The Industrial Manufacturing Industry is looking at $9.55 billion in project kickoffs, including another proposal from the clean energy market: Lucid Motors USA Incorporated's (Menlo Park, California) $700 million electric car-manufacturing plant in Casa Grande, Arizona. Also in its planning phase, the plant would have an initial capacity of 10,000 luxury electric cars per year, ramping up in stages to 60,000 cars per year. For more information, see Industrial Info's project report.
The Petroleum Refining Industry is looking at $5.38 billion in active projects that are set to kick off in 2017 in the Rocky Mountains region, one of the largest being Quantum Energy Incorporated's (Tempe, Arizona) $210 million hydro-skimming refinery in Baker, Montana. The 20,000-barrel-per-day (BBL/d) facility would refine crude sourced from the Bakken Shale into ultra-low-sulfur diesel, for distribution to local markets. For more information, see Industrial Info's project report.
The Metals & Minerals Industry, normally in the driver's seat for Rocky Mountains project spending, stands in fourth place among industries for 2017 project kickoffs in the region, with $5.27 billion worth. Most of the highest-valued of these projects have met with delays and cancellations in the past few years, as low commodity prices have made economic justification difficult. Recently, however, some parts of the industry have seen lights on the horizon; for more information, see December 1, 2016, article - Supply Deficit, Strong Demand Could Benefit $16.5 Billion in Zinc Mining Projects Worldwide, and November 3, 2016, article - Metallurgical Coal Mining Projects Begin to Emerge with Improving Export Market.
A project that has faced more than seven years of kickoff delay is IC Potash Corporation's (TSX:ICP) (Toronto, Ontario) $1.02 billion Ochoa Polyhalite Potash Mine in Jal, New Mexico. As designed, the 3.7 million-tonne-per-year underground mine would produce 714,000 tons per year of sulfate of potassium. The company currently is reviewing the project to see where it can reduce costs. For more information, see Industrial Info's project report.
More than 90% of the region's total investment value (TIV) for 2017 kickoffs--about $40.6 billion--is related to 294 projects that are now in the planning stages. The region also has 73 projects worth $2.08 billion in the engineering stages, while 368 projects worth about $921 million are maintenance-related.
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. 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/.
