Industrial Hotspots: U.S. Industrial Projects Seen Rising 45% In 2007
A total of 32 of those projects have a total investment value (TIV) of $1 billion or more. Another 631 were valued at $100 million or greater.
Industrial Info is continually monitoring the status of these projects and is forecasting that about 40-45% of these projects will fall out due to cancellations and postponements as the year progresses.
The Southwest region, which includes Arkansas, Louisiana, Oklahoma and Texas, edged out the Great Lakes as the region with the most planned spending for 2007, with $48.8 billion from 875 projects. The Great Lakes is a close second with 936 projects totaling about $46.6 billion.
Energy projects, such as coal-fired gasification and power plant projects, make up the majority of the larger projects in the Southwest region. There are also some large-scale natural gas pipeline, petroleum refining and LNG terminal projects being evaluated. Coal-fired, petroleum refining and metals & minerals projects will dominate project spending in the Great Lakes region in 2007.
Here are summaries of investment plans for various industries and regions: