U.S. West Coast Shines with More than $276 Billion in Active Projects, with Hydropower, Oil and Gas Leading

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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. West Coast region is boiling over with project activity, especially from the Power, Oil and Gas industries. The region includes the states of California, Oregon, Washington, Alaska and Hawaii. Industrial Info is tracking more than 1,300 active capital and maintenance projects on the West Coast that have a total investment value (TIV) of more than $276 billion. Before the end of the year, construction on 291 projects worth more than $29 billion is expected to kick off.

Click on the image at right for a graph detailing active projects on the U.S. West Coast by Industry.

More than three-quarters of the TIV--about $223 billion--is still in the planning stages, which means that plenty of factors could increase, decrease or eliminate the expected spending on most of the projects. About $33 billion worth of projects have reached the construction stage, and almost $20 billion is in the engineering stage.

The Power Industry is enjoying the lion's share of the spending, with 432 projects worth about $105 billion in various stages of development. This includes more than $30 billion worth of hydropower projects, such as the $2.6 billion construction of the Eagle Mountain Pumped-Storage Plant in Eagle Mountain, California. The project is slated to include upper and lower reservoirs and an underground power station that utilizes four 325-megawatt reversible pump turbine generators, which will produce 1,300 megawatts of renewable energy for the grid. Kick-off is expected toward the middle of 2015.

View Project Report - 6000980

Close behind the Power Industry is the Oil & Gas Production Industry, which has 44 projects worth more than $45 billion; the Industrial Manufacturing Industry, which has 118 projects worth about $36 billion; the Oil & Gas Transmission Industry, which has 35 projects worth about $30 billion; and the Metals & Minerals Industry, which has 102 projects worth more than $27 billion. All other industries combined have 603 projects worth more than $32 billion.

California boasts the largest investment, with 757 projects with a TIV of about $111 billion. But Alaska is not too far behind, with 123 projects with a TIV of about $99 billion. Among the biggest Alaskan projects is Accelergy Corporation's (Houston, Texas) $5 billion construction of a coal-to-liquids plant in Tyonek, west of Anchorage. The project involves installing an 8,000-barrel-per-day gasification train, followed by seven additional trains (each of the same capacity) to produce gasoline, jet fuel and diesel. The project is expected to kick off in the third quarter of this year.

View Project Report - 300021145

Oregon has 179 projects with a TIV of about $33 billion; Washington has 245 projects with a TIV of about $26 billion; and Hawaii has 27 projects with more than $7 billion.

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.