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Researched by Industrial Info Resources (Sugar Land, Texas)--Siemens AG (Munich, Germany) has gradually shifted its focus to energy generation and distribution over the past few years, and has enjoyed a strong, steady backlog since. Siemens is involved in $17.76 billion in project completions and $10.25 billion in project starts that are planned for the fourth quarter, according to Industrial Info's project database, with all but 2.5% to be found in the Power Generation, Metals & Minerals and Petroleum Refining industries.
Almost all of the total investment value (TIV) for Petroleum Refining project starts or completions involving Siemens can be attributed to a single major project: Saudi Aramco's $3.5 billion IGCC unit addition at a refinery in Jizan, Saudi Arabia. Aramco wants to install a 3,850-megawatt (MW) Integrated Gasification Combined Cycle (IGCC) unit, as well as five power blocks, to convert vacuum residue into electricity. Each of the units will feature two combustion turbines and a supplementary-fired steam turbine provided by Siemens. For more information, see Industrial Info's project report.
Although the IGCC unit is expected to be completed by the end of the year, refining operations will start a year later, according to Reuters. The project is part of an economic revival plan for Saudi Arabia, which has seen unemployment increase following 2014's collapse in commodity prices. It has faced delays due to contractual disagreements and changes in the scope and design, according to Reuters.
More than half of the TIV for Siemens' Metals & Minerals Industry projects set to kick off or wrap up in the fourth quarter is tied to a single project in China: Qingdao Iron & Steel Group Company Limited's $2.78 billion iron and steel mill relocation to Qingdao, Shandong. The 4 million-ton-per-year facility will comprise two sintering plants, two large blast furnaces, four blown convertors and two high-speed wire-rolling lines. For more information, see Industrial Info's project report.
The relocation is part of a sustained effort by China to cut pollution in some of the nation's most populated cities by moving such plants out of downtown areas. Hebei Iron and Steel Group, the parent company of Qingdao Iron & Steel, has been emitting sulfur dioxide, smoke, dust and nitrogen oxide in and around heavily populated areas since it was founded 60 years ago, according to China Daily.
But it's the Power Industry that accounts for nearly half of the TIV for Siemens' completions and virtually all of the TIV for kickoffs. One of the biggest completions can be found in Mexico: Comision Federal de Electricidad's (CFE) $480 million Empalme I Power Station in Empalme, Sonora, a natural gas-fired, combined-cycle (NGCC) facility that would generate 770 MW from a pair of combustion turbines and a steam turbine. For more information, see Industrial Info's project report.
While natural gas leads among fuel types for project completions, wind energy accounts for more than 90% of the TIV for project kickoffs involving Siemens. Two projects outpace all others in spending: DONG Energy UK's (London, England) $3.98 billion Heron and $3.98 billion Njord offshore windfarms in the Hornsea Zone of the North Sea. Each project is expected to generate 600 MW from 85 turbines provided by Siemens. A consultant on the Heron offshore project recently said that boulders and other objects were being cleared for a cable corridor. For more information, see Industrial Info's reports for the Heron and Njord projects.
Siemens' wind-energy project starts span the globe and can be found in Australia, Turkey and Morocco. The company is part of a consortium, including Nareva Holding (Casablanca, Morocco) and Enel Green Power (Rome, Italy), that is building several windfarms in Morocco, including the $450 million Tiskrad Windfarm in Tarfaya. The 300-MW facility is expected to include 100 tower/turbine sets. 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/.
Almost all of the total investment value (TIV) for Petroleum Refining project starts or completions involving Siemens can be attributed to a single major project: Saudi Aramco's $3.5 billion IGCC unit addition at a refinery in Jizan, Saudi Arabia. Aramco wants to install a 3,850-megawatt (MW) Integrated Gasification Combined Cycle (IGCC) unit, as well as five power blocks, to convert vacuum residue into electricity. Each of the units will feature two combustion turbines and a supplementary-fired steam turbine provided by Siemens. For more information, see Industrial Info's project report.
Although the IGCC unit is expected to be completed by the end of the year, refining operations will start a year later, according to Reuters. The project is part of an economic revival plan for Saudi Arabia, which has seen unemployment increase following 2014's collapse in commodity prices. It has faced delays due to contractual disagreements and changes in the scope and design, according to Reuters.
More than half of the TIV for Siemens' Metals & Minerals Industry projects set to kick off or wrap up in the fourth quarter is tied to a single project in China: Qingdao Iron & Steel Group Company Limited's $2.78 billion iron and steel mill relocation to Qingdao, Shandong. The 4 million-ton-per-year facility will comprise two sintering plants, two large blast furnaces, four blown convertors and two high-speed wire-rolling lines. For more information, see Industrial Info's project report.
The relocation is part of a sustained effort by China to cut pollution in some of the nation's most populated cities by moving such plants out of downtown areas. Hebei Iron and Steel Group, the parent company of Qingdao Iron & Steel, has been emitting sulfur dioxide, smoke, dust and nitrogen oxide in and around heavily populated areas since it was founded 60 years ago, according to China Daily.
But it's the Power Industry that accounts for nearly half of the TIV for Siemens' completions and virtually all of the TIV for kickoffs. One of the biggest completions can be found in Mexico: Comision Federal de Electricidad's (CFE) $480 million Empalme I Power Station in Empalme, Sonora, a natural gas-fired, combined-cycle (NGCC) facility that would generate 770 MW from a pair of combustion turbines and a steam turbine. For more information, see Industrial Info's project report.
While natural gas leads among fuel types for project completions, wind energy accounts for more than 90% of the TIV for project kickoffs involving Siemens. Two projects outpace all others in spending: DONG Energy UK's (London, England) $3.98 billion Heron and $3.98 billion Njord offshore windfarms in the Hornsea Zone of the North Sea. Each project is expected to generate 600 MW from 85 turbines provided by Siemens. A consultant on the Heron offshore project recently said that boulders and other objects were being cleared for a cable corridor. For more information, see Industrial Info's reports for the Heron and Njord projects.
Siemens' wind-energy project starts span the globe and can be found in Australia, Turkey and Morocco. The company is part of a consortium, including Nareva Holding (Casablanca, Morocco) and Enel Green Power (Rome, Italy), that is building several windfarms in Morocco, including the $450 million Tiskrad Windfarm in Tarfaya. The 300-MW facility is expected to include 100 tower/turbine sets. 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/.
