Outlook Forecasts Spending Leap in 2018 for North American Alternative Fuel Projects
Researched by Industrial Info Resources (Sugar Land, Texas)--Spending on Alternative Fuels projects in North America will rise 8.58% this year, from 2017, according to Industrial Info's 2018 Global Industrial Outlook.
Trey Hamblet, Industrial Info's vice president of research for the Chemical Industry, said there is increased interest in developing biofuel capacity from waste products.
"There is an increasing number of new grassroot plants being pursued that plan to convert MSW (municipal solid waste) and biomass waste to biofuels and ethanol," Hamblet said. "These biofuels will be targeted for sale to traditional refiners to be blended with transportation fuels. These projects can be large, complex and expensive."
Industrial Info's coverage of the Alternative Fuels Industry provides comprehensive market intelligence for the sector, including plant information, key contacts, project scopes and schedules, and more. Industrial Info's project coverage includes capital and maintenance projects valued at $1 million or more with a minimum lead time of four to six months on requests for quotations (RFQs) and bid documents.
Industrial Info is tracking more than $24 billion in active alternative fuel projects in North America. At the top of that list in terms of value is a $4.6 billion grassroot renewable and gas monetization project in Sierra Blanca, Texas, by D'Arcinoff Group Incorporated (Washington, D.C.). Still in the planning and engineering stage, the project is presently expected to start construction in mid-2018, with completion in early 2022. For more information, see Industrial Info's project report.
The North American Spending Forecast for Alternative Fuels in 2018 is part of Industrial Info's 2018 Global Industrial Outlook, which covers industries ranging from Power to Pharmaceutical and Biotech.
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