SUGAR LAND, TX--(Marketwired - Oct 21, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Industrial Info is tracking industrial projects valued at approximately $117 billion that are currently planned to kick off in Texas and Louisiana in 2015. While all industries are showing activity in the area, Oil & Gas Production (including liquefied natural gas projects), Chemical Processing and Power represent the dominant industries in the two states.
It should come as no surprise that in terms of size, liquefied natural gas ( LNG ) projects dominate the region, with the largest of these being Gulf Coast LNG Export LLC's planned LNG production and export terminal in Brownsville, Texas. If the project receives authorization from the proper federal authorities for construction and operation, the facility would have a production capacity of approximately 20 million tons per year of LNG.
The Chemical Processing Industry is also rushing to take advantage of low-cost natural gas feedstock, and the construction of ethylene and methanol production units are significant drivers of Gulf Coast industrial development. While construction began this year on new ethylene units in Texas by ExxonMobil Chemical Company (NYSE:XOM), Dow Chemical Company (NYSE:DOW) and others, in the next few months Sasol plans to kick off construction of an ethylene unit in Westlake, Louisiana, which will be followed by other companies developing ethylene, propane dehydrogenation and methane projects in the region.
Although the Power Industry doesn't have as many of the large-scale, blockbuster projects as Chemicals or Oil & Gas Production, the larger projects that are being developed, primarily in Texas, are natural gas-fired combined-cycle plants, to both replace the coal-fired facilities that are being retired in the state, and cater to the state's rising power demand brought on by the state's growing population and the increasing amount of oil- and gas-related infrastructure. Texas' 3% annual growth in power demand remains an exception among most U.S. states, which are on average displaying low to flat growth in power demand at about 1%, according to the U.S. Energy Information Administration.
Industrial Info's 2015 Market Outlook & Networking Event , held Nov. 5, at The Cook Hotel in Baton Rouge will focus on these and other industrial spending patterns in the U.S. and Canada, with a special emphasis on the U.S. Gulf Coast and Southwest market regions. In addition, our "top-line" market forecast will discuss how the region's tightening labor market will affect planned projects in the region and elsewhere.
Industrial Info is pleased to have United Rentals as the Premier Sponsor of this outlook session. United Rentals offers the world's largest fleet of rental equipment, including specialized Power & HVAC, Pump, Trench Safety, and Industrial Tool Solutions. Customers count on 880+ branch locations throughout North America and 24/7 service & support, including a dedicated customer care team and on-site maintenance/repair available day or night, to keep rental equipment and plants & jobsites up and running.
This complimentary event will begin at 3:30 p.m. on Nov. 5. Space is limited, so make sure to RSVP today!
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and ten 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. To contact an office in your area, visit the www.industrialinfo.com " Contact Us " page.
Contact: William Ploch (713) 783-5147
