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Released December 09, 2014 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--With construction activity booming in the Gulf Coast region and companies showing stronger interest in the Eagle Ford Shale and other plays, Texas is home to more than $85 billion in planned construction kickoffs for projects in 2015. More than 90% of the activity can be found in four industries: the Oil & Gas Production, Power, Chemical Processing and Alternative Fuels.
Click on the image at right for a graph detailing planned 2015 project kickoffs in Texas by industry.
Not surprisingly, the Oil & Gas Production Industry leads the way with more than $31 billion in project starts, one of the largest of which is Golden Pass Products LLC's (Houston, Texas) $3.3 billion construction of Train No. 1 at the Golden Pass LNG Production Plant in Sabine Pass, Texas. The project, which is the first part of a three-phase effort, involves constructing buildings and marine export facilities to convert approximately 700 million standard cubic feet per day of natural gas sourced from shale formations into 5.2 million tons per year of LNG for export. CB&I Incorporated (Houston) is performing design-engineering services.
The Power Industry, which boasts more than $20 billion in projects set to kick off in Texas in 2015, expects to see Competitive Power Ventures Incorporated's (Braintree, Massachusetts) $1.38 billion Pondera King Energy Center in Houston begin construction. The 900-megawatt (MW), natural gas-fired ,combined-cycle power station consists of two blocks. Installations will include four 171-MW General Electric (NYSE:GE) MS7001FA.07 combustion turbine generators, with heat-recovery steam generators attached to two 108-MW steam turbine generators. CPV Pondera King Power LLC (Silver Spring, Maryland) and Apex Titan Incorporated (Frisco, Texas) will perform the installations.
The Chemical Processing Industry has more than $17.5 billion in planned construction on its plate, including Jilin Connell (Kangnaier) Chemical Industry Company Limited's (Jilin, China) $4.5 billion Shoal Point Methanol Plant in Texas City. The project, which currently is expected to kick off late in the fourth quarter, will involve the construction of a grassroot methanol plant that will convert up to 560 million cubic feet of natural gas into 7.2 million tons per year of methanol, as well as the construction of a new deepwater port for exports to China.
The project is one of four methanol plants in the U.S. that have been proposed by Chinese-owned companies and are expected to spur almost $10 billion of investment in construction costs alone. For more information, see September 15, 2014, article - Cheap Natural Gas Draws Foreign Methanol Project Investors to U.S.
The Alternative Fuels Industry is slated for more than $8 billion in total 2015 project spending in Texas, more than half of which is attributed to a single project: D'Arcinoff Group Incorporated's (Washington, D.C.) $4.6 billion synthetic fuel plant in Sierra Blanca. The 40,000-barrel-per-day plant is expected to produce low-emission transportation fuel from biomass (specifically greasewood) and will include the installation of a power island, electrolysis plant and mobile offshore desalination plant.
Almost three-quarters of the projects expected to kick off in Texas in 2015, about $62.34 billion worth, are currently in the planning stages, where plenty of factors could increase, decrease or totally eliminate the expected spending. About $21.33 billion worth are in the engineering stages, and a little more than $1.4 billion worth already have entered the early construction stages.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three 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.
Click on the image at right for a graph detailing planned 2015 project kickoffs in Texas by industry.Not surprisingly, the Oil & Gas Production Industry leads the way with more than $31 billion in project starts, one of the largest of which is Golden Pass Products LLC's (Houston, Texas) $3.3 billion construction of Train No. 1 at the Golden Pass LNG Production Plant in Sabine Pass, Texas. The project, which is the first part of a three-phase effort, involves constructing buildings and marine export facilities to convert approximately 700 million standard cubic feet per day of natural gas sourced from shale formations into 5.2 million tons per year of LNG for export. CB&I Incorporated (Houston) is performing design-engineering services.
The Power Industry, which boasts more than $20 billion in projects set to kick off in Texas in 2015, expects to see Competitive Power Ventures Incorporated's (Braintree, Massachusetts) $1.38 billion Pondera King Energy Center in Houston begin construction. The 900-megawatt (MW), natural gas-fired ,combined-cycle power station consists of two blocks. Installations will include four 171-MW General Electric (NYSE:GE) MS7001FA.07 combustion turbine generators, with heat-recovery steam generators attached to two 108-MW steam turbine generators. CPV Pondera King Power LLC (Silver Spring, Maryland) and Apex Titan Incorporated (Frisco, Texas) will perform the installations.
The Chemical Processing Industry has more than $17.5 billion in planned construction on its plate, including Jilin Connell (Kangnaier) Chemical Industry Company Limited's (Jilin, China) $4.5 billion Shoal Point Methanol Plant in Texas City. The project, which currently is expected to kick off late in the fourth quarter, will involve the construction of a grassroot methanol plant that will convert up to 560 million cubic feet of natural gas into 7.2 million tons per year of methanol, as well as the construction of a new deepwater port for exports to China.
The project is one of four methanol plants in the U.S. that have been proposed by Chinese-owned companies and are expected to spur almost $10 billion of investment in construction costs alone. For more information, see September 15, 2014, article - Cheap Natural Gas Draws Foreign Methanol Project Investors to U.S.
The Alternative Fuels Industry is slated for more than $8 billion in total 2015 project spending in Texas, more than half of which is attributed to a single project: D'Arcinoff Group Incorporated's (Washington, D.C.) $4.6 billion synthetic fuel plant in Sierra Blanca. The 40,000-barrel-per-day plant is expected to produce low-emission transportation fuel from biomass (specifically greasewood) and will include the installation of a power island, electrolysis plant and mobile offshore desalination plant.
Almost three-quarters of the projects expected to kick off in Texas in 2015, about $62.34 billion worth, are currently in the planning stages, where plenty of factors could increase, decrease or totally eliminate the expected spending. About $21.33 billion worth are in the engineering stages, and a little more than $1.4 billion worth already have entered the early construction stages.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three 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.
