Industrial Info to Discuss $132 Billion in 2017 Texas, Louisiana Project Starts at Upcoming Outlook in Houston
Researched by Industrial Info Resources (Sugar Land, Texas)--More than $132 billion in industrial capital and maintenance projects are on the books to kick off in Texas and Louisiana in 2017, according to Industrial Info Resources' North American Project Platform. This project activity and how it reflects current market trends will be discussed at Industrial Info's upcoming Market Outlook & Networking Event at the George R. Brown Convention Center in Houston, Texas, on January 17, 2017.
Texas accounts for about $93.4 billion on these planned projects, while Louisiana has about $38.9 billion in projects that are currently planned to break ground this year. Although many of these projects could be pushed out to future years or cancelled altogether, the two states are starting the year with a very high value of planned industrial construction starts.
As in previous years, the highest-value industries in regard to planned projects for the two states are Oil & Gas Production and Chemical Processing, which account for $50.2 billion and $21.8 billion in planned project value, respectively.
Not surprisingly, much of the value of the Oil & Gas Production projects comes from planned liquefied natural gas (LNG) production and export facilities, which require approval from the Federal Energy Regulatory Commission (FERC) to construct and operate, and the Department of Energy to export LNG to other countries.
LNG export facilities that could begin construction this year include NextDecade LLC's (The Woodlands, Texas) Rio Grande LNG export terminal at the Port of Brownsville in Texas and Sempra Energy's (NYSE:SRE) (San Diego, California) $7 billion facility in Port Arthur, Texas.
Within the Chemical Processing Industry, one of the largest projects that could potentially start this year is Lake Charles Methanol LLC's (Houston, Texas) $5 billion grassroot petroleum coke-to-methanol plant in Westlake, Louisiana. The project remains in the late planning stages, with Fluor Corporation (NYSE:FLR) (Irving, Texas) acting as engineering, procurement and construction company on the project.
While blockbuster projects such as these often take prominence in discussions of industrial project activity, hundreds of smaller projects are planned throughout the region, including more than 770 planned maintenance projects valued at $2.7 billion.
Industrial Info will be discussing these projects and other spending trends at our upcoming Market Outlook & Networking Event, which will be held January 17 at the George R. Brown Convention Center in Houston. Industrial Info's team of industry experts will discuss spending activity and market trends in the U.S. and Canada, with special emphasis on the Southwest and U.S. Gulf Coast regions. Attending the event is free, and the presentation will be followed by a networking session with drinks and hors d'oeuvres that will give you a chance to ask questions of our presenters and mingle with your peers.
In addition to the Chemicals and Oil & Gas industries and a top-line spending forecast for North America, other highlighted industries will include Power Generation and Petroleum Refining, and all of Industrial Info's industry experts will be on hand to answer your questions.
Space is limited, so make sure to RSVP today!