SUGAR LAND, TX — (Marketwired) — 11/05/13 — Industrial Info Resources (Sugar Land, Texas) is tracking more than $20.5 billion in projects that are planned to kick off in the (Maryland, North Carolina, Virginia, West Virginia, and D.C.) in 2014. In terms of state spending, Maryland has been pushed to the forefront via the construction of (NYSE:D) (Richmond, Virginia) Cove Point , which has a total investment value of more than $4 billion.
In September, the U.S. Department of Energy granted permission for the plant to export up to 770 million cubic feet per day of LNG to countries without a free trade agreement with the United States — the first such project to receive this type of permission outside of the U.S. Gulf Coast region. The project has an estimated total investment value of $4 billion. Other associated projects, including a 130-megwatt cogeneration power plant and associated compressor projects, also add to project spending in the region.
While the Cove Point terminal dominates the Mid-Atlantic–s planned project starts, Maryland also holds its own with the construction of Old Dominion Electric Cooperative–s (Glen Allen, Virginia) $1.2 billion, 1,000-MW Wildcat Point , which is tentatively planned to kick off construction in late 2014.
While high-profile projects such as these grab the headlines, smaller capital projects also add up to significant spending. For example the has nearly $2.5 billion in projects planned to kick off in the region in 2014, including more than $1.3 billion mining projects, primarily in West Virginia.
Industrial Info is pleased to be discussing these projects and other industrial spending trends and drivers in our upcoming The complementary event will be held December 3 at the Ritz-Carlton and will focus on project spending activity in the U.S. and Canada, with a special emphasis on the U.S. Mid-Atlantic market region.
Our industry experts will discuss current and future trends in the following industries:
Power Generation
Oil & Gas Storage, Transmission and Production
Petroleum Refining
Chemical Processing
Metals & Minerals
A networking event will follow the presentation, providing an opportunity to meet and greet your industry peers. Space is limited, so make sure to
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine 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 “” page.
Contact:
Joe Govreau
(713) 783-5147