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Tetra Tech's 10 Top-Valued Projects Led by Corpus Christi LNG, Global Mining Plans

In the past few years, Tetra Tech Incorporated has become one of the fastest-growing engineering, procurement and construction firms, acquiring Canadian, Australian and South American companies

Released Thursday, July 28, 2016

Tetra Tech's 10 Top-Valued Projects Led by Corpus Christi LNG, Global Mining Plans

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Researched by Industrial Info Resources (Sugar Land, Texas)--In the past few years, Tetra Tech Incorporated (NASDAQ:TTEK) (Pasadena, California) has become one of the fastest-growing engineering, procurement and construction (EPC) firms, acquiring Canadian, Australian and South American companies. Industrial Info's project database is tracking $41.31 billion in active projects involving Tetra Tech in some capacity. About 70% of the total investment value can be found among the 10 highest-valued projects, and more than 95% of the total can be attributed to just three industries: Oil & Gas Production, Metals & Minerals, and Power.

Tetra Tech's slate of projects is dominated by a single, massive facility: Cheniere Energy's (NYSE:LNG) (Houston, Texas) liquefied natural gas (LNG) production and export facility in Corpus Christi, Texas, which accounts for five of the 10 highest-valued projects involving Tetra Tech, two of which are under construction: the $5.5 billion Train 1 and the $5.5 billion Train 2, on which Tetra Tech is serving as environmental consultant. Cheniere has received all required regulatory permits for these two trains, and already has entered into long-term contracts with investment-grade companies, for a total of 8.42 million tons per annum. These take-or-pay agreements are worth $1.5 billion in annual fixed fees for 20 years. For more information, including project specifications, current schedules and contractor contact information, see Industrial Info's project reports on Train 1 and Train 2.

Tetra Tech also is serving as environmental consultant on the next three LNG production train additions at the Corpus Christi facility, each valued at $3 billion. Cheniere received Federal Energy Regulatory Commission (FERC) and Department of Energy (DOE) approvals for the third train earlier this year, and it expects to begin construction following proper sales and purchase agreements. According to Maritime Executive, Cheniere's decision to expand was influenced by Texas' "robust" natural gas reserves, which accounts for almost a third of the U.S. total, and easy access to high-capacity gas pipelines. For more information, see Industrial Info's project reports on Train 3, Train 4 and Train 5.

But the single highest-valued project involving Tetra Tech is unlikely to begin construction in the next few years: Seabridge Gold Incorporated's (NYSE:SA) (Toronto, Ontario) $5.31 billion Kerr-Sulphurets-Mitchell Gold-Copper Mine near Stewart, British Columbia. Crumbling commodity prices have stalled progress at the mine, which is mired in its permitting phase. According to Juneau Empire, Seabridge is still seeking a partner to develop the facility as exploratory drilling continues. Tetra Tech is slated to serve as process consultant. For more information, see Industrial Info's project report.

In the Power Industry, Tetra Tech is serving as environmental consultant on one of the most closely watched projects in the Great Lakes region: Advanced Power AG's (Zug, Switzerland) $800 million, natural gas-fired Carroll County Energy Center near Carrollton, Ohio. It is one of six Ohio plants under construction or in the planning stages; according to the Columbus Dispatch, they are being built by independent electricity companies, not utilities, following Ohio's sweeping deregulations in 1999, with investors assuming the financial risks. For more information, including major components, environmental requirements and contractor contact information, see Industrial Info's project report.

The three other highest-valued projects involving Tetra Tech are:
  • $830 million: Diamond mine and mill in Canada's Northwest Territories
    For more information, see Industrial Info's project report.
  • $800 million: Solar photovoltaic (PV) power plant expansion in California
    For more information, see Industrial Info's project report.
  • $800 million: Natural gas combined-cycle (NGCC) power plant in Ohio
    For more information, see Industrial Info's project report.
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 https://www.industrialinfo.com/.
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