Southwest Leads the U.S. in First-Quarter Project Completions

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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Southwest region had the largest cumulative total investment value (TIV) in its project completions for the first quarter of this year, with nearly $7.8 billion for 263 projects. Following behind was the Great Lakes region, with a TIV of $5.2 billion for 268 projects; and the Southeast region, with a TIV of $5.03 billion for 219 projects. The Southwest region includes Arkansas, Louisiana, Oklahoma and Texas.

Click right to view a chart showing each regions' spending for projects that were completed for the first quarter.

Chemical Processing is the largest industry in the region by project spending, with a TIV of $3.08 billion for 64 projects. The largest completion in this industry for the first quarter was a urea unit addition at a nitrogen complex in Donaldson, Louisiana, owned by CF Industries Holdings Incorporated (NYSE:CF) (Deerfield, Illinois). The $900 million addition included a 3,850 ton-per-day (T/d) urea unit utilizing fluid bed granulation technology and CO2 stripping technology.

The Power Industry came in second place in the Southwest, with $1.17 billion for 38 project completions. The largest was the $500 million grassroot Javelina Wind Energy Center in Mirando City, Texas. The 250-megawatt (MW) windfarm is owned by NextEra Energy Resources LLC (Juno Beach, Florida), a subsidiary of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach).

The Industrial Manufacturing Industry was next in line, with 26 projects worth $817 million. The $500 million grassroot data center in Plano, Texas, was the largest manufacturing project. It was jointly built by Equinix Incorporated (NASDAQ:EQIX) (Redwood City, California), T5 Data Centers (Atlanta, Georgia) and Fortis Construction Incorporated (Portland, Oregon). It involved the construction of a 315,000 square-foot, 25-MW center plus installation of supporting equipment and systems to provide additional supporting equipment and systems for additional fiber connectivity and interconnection services into the existing T5 Data Center.

The Oil & Gas Production Industry had 27 project completions valued at $572 million. The $200 million Crockett Grassroot Alamo Cryogenic Natural Gas Processing plant was the largest. This project, based in Crockett, Texas, is owned by Energy Transfer Partners LP (NYSE:ETP) (Dallas, Texas) and has a capacity of 200 million standard cubic feet per day (MMSCFD) of natural gas from the Eagle Ford Shale.

The Oil & Gas Pipelines Industry had 11 project completions with an overall TIV of $495 million. The largest was the $125 million pipeline loop addition to the Pleasant Hill NGL Pump Station in Corrigan, Texas. Owned by Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas), the project consisted of constructing 60 miles of transmission pipe between the station and the planned Macedonia Pump Station to facilitate a system capacity increase of 50,000 barrels per day (BBL/d) of Haynesville and Cotton Valley natural gas liquids from Carthage, Texas, to Mont Belvieu, Texas.

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/.