U.S. Northeast to See More than $8 Billion in Project Kickoffs in Second-Quarter 2016, Fueled by Region's Natural Gas

Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Northeast region is looking at its highest total investment value (TIV) for quarterly kickoffs since at least 2014, with more than 200 projects worth $8.25 billion set to begin construction from April through June, according to Industrial Info's project database. Natural gas-related projects are driving much of the growth--which is not surprising, given the generous resources found in the Marcellus and Utica shales. More than 80% of the TIV can be attributed to just four industries: Power, Oil & Gas Pipelines, Industrial Manufacturing, and Pharmaceutical & Biotech.

Click on the image at right for a graph detailing active projects scheduled to kick off in the second quarter of 2016 in the U.S. Northeast region by industry.

The Northeast region includes Delaware, New Jersey, New York and Pennsylvania.

The Power Industry is in the lead with $2.97 billion in projects set to begin construction from April through June, including Public Service Enterprise Group Incorporated's (NYSE:PEG) (Newark, New Jersey) $650 million combined-cycle unit addition in Sewaren, New Jersey. The project involves building a 337-megawatt (MW) General Electric (NYSE:GE) natural gas-fired combustion turbine generator, with a duct-fired heat-recovery steam generator, and a 203-MW steam turbine generator. For more information, see Industrial Info's project report.

The Oil & Gas Pipelines Industry is in a strong second place with $1.75 billion worth of projects set to kick off in the Northeast in second-quarter 2016, the largest of which is Energy Transfer Partners LP's (NYSE:ETP) (Dallas, Texas) $1 billion, second-phase construction of the Mariner East pipeline from Ohio to Pennsylvania. The company is planning 340 to 350 miles of new natural gas liquids (NGL) transmission pipe to transport 272,750 barrels per day (BBL/d) of Utica/Marcellus ethane, butane, and propane. For more information, see Industrial Info's project report.

The Industrial Manufacturing Industry is looking at $1.05 billion in project kickoffs, including FedEx Corporation's (NYSE:FDX) (Memphis, Tennessee) $335 million mega-hub distribution center in Allentown, Pennsylvania. The first of two phases, the project involves constructing an 800,000-square-foot distribution building, as well as vehicle-maintenance, salt-storage and truck-wash buildings and off-site improvements, to support regional distribution. For more information, see Industrial Info's project report.

The Pharmaceutical & Biotech Industry has a not-too-shabby $925 million in projects set to begin construction, the largest being City University of New York's $225 million college research building in Bronx, New York. The second of a two-phase project, it involves expanding the facility from 70,000 to 230,000 square feet to accommodate the physics, earth science and environmental studies. For more information, see Industrial Info's project report.

The six other highest-valued projects set to begin construction in the Northeast in second-quarter 2016 are:

• $1.4 billion: Advanced Power AG's Cricket Valley Energy Station in Dover Plains, New York
  For more information, see Industrial Info's project report.
• $550 million: Tenaska Incorporated's Westmoreland County Generation Station in Smithton, Pennsylvania
  For more information, see Industrial Info's project report.
• $297 million: Long Island Railroad's main-line double-line track in Jamaica, New York
  For more information, see Industrial Info's project report.
• $250 million: CONSOL Energy Incorporated's Bailey Thermal Coal Mine in Wind Ridge, Pennsylvania
  For more information, see Industrial Info's project report.
• $250 million: Energy Transfer Partners LP's Revolution Cryogenic Natural Gas-Processing Plant in Hillsville, Pennsylvania
  For more information, see Industrial Info's project report.
• $200 million: Rockefeller University's life-science research building in New York, New York
  For more information, see Industrial Info's project report.

More than half of the region's total investment value (TIV)--about $4.58 billion--is related to 37 projects that are now in the engineering stages. The region also has 97 projects worth $3.52 billion in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending, while 73 projects worth about $157 million already have kicked off the first stage of construction and will kick off the next in the fourth quarter.

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/.