Articles from Industrial Info Resources

Industrial Info Resources (IIR), the leading provider of industrial market intelligence, and SynMax Intelligence, a data intelligence company delivering geospatial, energy, and maritime domain awareness products, today announced a data partnership that combines IIR’s global data center facility database with SynMax Vulcan’s weekly satellite and thermal drone intelligence platform.

Thanks largely to some blockbuster projects, the value of industrial construction presently underway in Indiana and tracked by Industrial Info exceeds $39 billion. The projects cover a range of sectors from pharmaceutical-biotech projects to cutting-edge data centers.

As the e-commerce market continues to boom, Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) and other companies are building out warehousing and distribution space across the U.S. Industrial Info is tracking $9 billion worth warehousing and distribution projects under construction in the U.S, with nearly 25% of the activity attributed to Amazon.

Three major steel producers are leading capital investments set to kick off across the U.S. in January, with demand from the automotive and renewable-energy industries driving their capacity additions.

The U.S. Energy Information Administration (EIA) recently reported annual production of U.S. petroleum coke (petcoke) remained relatively unchanged from 2014 through 2023, averaging 46 million tons, according to U.S. Census Bureau data. Petcoke, which is extracted from petroleum during the refining process, isn't a popular product in the U.S. due to its high carbon content, but it is popular overseas because of its high heat content and low price. Indeed, almost 90% of the petcoke produced in the U.S. in 2023 was exported.

Researched by Industrial Info Resources--With the fifth-largest economy in the world, California isn't lacking in industry or projects in development. Industrial Info is tracking more than $78 billion worth of projects under construction in the state. While the transportation sector leads the spending, the projects cover a wide range of sizes and sectors.

Researched by Industrial Info Resources--Hurricane Milton, a Category 5 hurricane with sustained winds of 165 miles per hour, was barreling toward the central Florida peninsula Tuesday, with its pathway gradually widening to engulf a larger swath of the Sunshine State, according to the National Hurricane Center (NHC). Industrial Info is tracking progress at more than 980 operational plants in the area to be affected by Milton most severely, the bulk of which are in the Power, Industrial Manufacturing and Food & Beverage industries. Industrial Info also is tracking 78 plants in the area that are planned, engineered or under construction.

Second paragraph, second sentence of release dated August 27, 2024 should read: Arevon Energy Inc. is preparing to begin construction early next year on the Cormorant Energy Storage Project (instead of Averon Energy is preparing to begin construction early next year on the Cormorant Battery Storage project).

Researched by Industrial Info Resources -- With the potential for new offshore wind farms off the U.S. West Coast, and with an independent renewable energy company boasting of record output, the United States is advancing a clean economy at an exponential pace.

Researched by Industrial Info Resources--Summer doesn't officially begin until June 20, but officials at the Texas electric grid and the public utilities commission already have taken plenty of heat. And, as Texas faces another trademark hot and humid summer, officials can expect more of the same--a lot more if rolling blackouts materialize, as the state's grid operator, the Electric Reliability Council of Texas (ERCOT) (Austin, Texas), recently acknowledged could happen this summer.

Researched by Industrial Info Resources -- Industrial Info is pleased to be presenting our popular in-person Mid-Year North American Market Outlook event at the Sugar Land Marriott Hotel near IIR's world headquarters on Wednesday, June 12. Check-in and registration start at 3 p.m., and the presentations begin at 4 p.m.

Researched by Industrial Info Resources--The U.S. Petroleum Refining Industry is bracing for a very busy summer, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin in the third quarter. Industrial Info is tracking about $640 million worth of maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off from July through September, more than 40% of which is in Texas and Louisiana.

Researched by Industrial Info Resources--Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) last week announced it plans to invest an additional $1.3 billion to further electric vehicle (EV) production at its plant in Kentucky, where Industrial Info is tracking $13.75 billion worth of active and planned Industrial Manufacturing projects. About $10 billion of the investment activity is attributed to EV-related projects.

Researched by Industrial Info Resources--Growing demand for copper and higher prices for gold are boosting fortunes at Freeport-McMoRan Incorporated (NYSE:FCX) (Phoenix, Arizona), which expects to sell 4.1 billion pounds of copper, 2 million ounces of gold and 85 million pounds of molybdenum in 2024. Those expectations for copper are flat when compared with 2023's results, but exceed last year's sales of gold and molybdenum. Closures and disruptions at various copper mines worldwide have driven prices higher for the metal, which is a necessary component for clean-energy technology and electric-vehicle batteries. Industrial Info is tracking nearly $13 billion worth of active and planned projects from Freeport-McMoRan worldwide, including about $3 billion worth in the U.S.

Researched by Industrial Info Resources--Industrial Info is pleased to be presenting its popular in-person North American Industrial Market Outlook & Networking Event at the Houston Marriott Sugar Land, near IIR's world headquarters, on January 17. The outlook presentations will begin at 4 p.m. After the presentations, there will be a networking event with complimentary food and drinks, allowing you to meet and mingle with your industry peers, visit our demo stations and engage with our industry experts.

Researched by Industrial Info Resources--As West Texas Intermediate (WTI) crude oil prices dangle desperately around the $70-per-barrel (BBL) threshold, the month of December finds many in the industry longing for the good old days when the Christmas bonus was expected to be a stocking stuffed with barrels worth a C-note each.

Researched by Industrial Info Resources -- Chevron Corporation (NYSE:CVX) (San Ramon, California) has announced an organic capital expenditure (capex) budget of $16 billion for 2024. The spend includes $14 billion for upstream spending, two-thirds of which is allocated to the U.S. Industrial Info is tracking $30 billion worth of active Chevron projects worldwide, including $18 billion worth in the U.S.

Researched by Industrial Info Resources -- Exporters in the U.S. and Europe will soon be sending less of their refined product to Nigeria, as the nation opens its long-anticipated Dangote Refinery in December. Nigeria's state oil company, NNPC Limited, is expected to supply Dangote with up to six cargoes of crude oil this month for test runs, according to industry insiders who spoke with Reuters.

Researched by Industrial Info Resources -- As we look forward to 2024, the future of the North American industrial marketplace finds itself at a crossroads. A tumultuous election year is forecasted, and we expect to see many projects placed on hold. However, 2024 could still prove to be a record year for certain industries, as Industrial Info is tracking more than $480 billion in medium- to high-probability projects; in the U.S. Gulf Coast region alone, Industrial Info is tracking more than $101 billion worth of project activity that is planned to start construction in 2024.

Updating fourth paragraph to clarify that Fluor is not providing technology for Project Tundra. Fluor had been involved early on as part of the Front End Engineering Design (FEED) work and is no longer involved in the project. Minnkota Power announced in June that Mitsubishi Heavy Industries was involved with the technology supply for the project.

Researched by Industrial Info Resources -- While in the early stages of the energy transition, data from Industrial Info show a divergence emerging in the downstream energy sector as the market adjusts to the rollout of more electric vehicles.

Researched by Industrial Info Resources -- The energy transition is apparent in capital spending, with the bulk of state-level investments in the U.S. market targeting solar power, data show.

Researched by Industrial Info Resources --First oil from two major projects in the Gulf of Mexico lifted crude oil production prospects during the first quarter and additional projects could push output to new heights by 2025, data show.

Researched by Industrial Info Resources--The U.S. already is a global leader in exports of liquefied natural gas (LNG), supporting global energy security, and there could be even more potential given the billions of dollars expected from final investment decisions (FIDs), according to research by Industrial Info.

Researched by Industrial Info Resources--U.S. natural gas prices are retreating from recent highs triggered by a surge in demand, a surge that came tacitly as a response to climate change.

Researched by Industrial Info Resources--Industrial Info is pleased to be presenting our popular in-person North American Mid-Year Industrial Outlook on Wednesday, June 21, at the Sugar Land Marriott in Sugar Land, Texas, near Industrial Info's global headquarters.

Researched by Industrial Info Resources--Petroleos Mexicanos (Pemex) (Mexico City, Mexico) is not expected to start up its new 340,000-barrel-per-day (BBL/d) Dos Bocas Olmeca refinery until late this year or even 2024, according to an IIR Energy Alert.

Researched by Industrial Info Resources-- Workers at Cenovus Energy Incorporated's (NYSE:CVE) (Calgary, Alberta) Toledo refinery in Ohio hope to restart the facility's 110,000-barrel-per-day (BBL/d) Crude 1 (Sour) Unit this week followed by the sequential startup of the rest of the facility in the upcoming week. The 160,000-BBL/d refinery has undergone extensive repairs following a fire in September.

Researched by Industrial Info Resources-- Demand for energy-storage capacity is not slowing down in the U.S., where utility-scale battery-storage capacity is expected to reach 30 gigawatts (GW) by the end of 2025, via 20.8 GW of additions, according to the U.S. Energy Information Administration (EIA). Industrial Info is tracking nearly $6 billion worth of active battery energy-storage system (BESS) projects set to begin construction across the U.S. in the third quarter of 2023, with unit additions at existing power-generation facilities accounting for nearly half of the total investment value.

Researched by Industrial Info Resources-- Analysis from management consulting company Bain & Company (Boston, Massachusetts) finds executives at major energy firms believe they're making progress on the path to net-zero, though revenue streams from that industry segment are a concern.

Researched by Industrial Info Resources -- Following years of delays and regulatory hurdles, Dangote Industries Limited (Lagos, Nigeria) is preparing for a ceremonial opening this month at its Lekki Refinery in Lekki, Nigeria, which will be the biggest refinery in Africa. The company expects the facility's crude distillation unit (CDU) will begin commercial operations by the end of June. Industrial Info is tracking more than US$14 billion worth of active projects at the Lekki Refinery, which accounts for just less than half of the total investment in all active refining projects across Nigeria.

Researched by Industrial Info Resources-- Raising its guidance for full-year production, ConocoPhillips Company added that it started construction on the controversial Willow oil project in Alaska, some two months after plans were approved.

Researched by Industrial Info Resources--Decarbonization will remain largely out of reach in the power sector without nuclear energy, and trends are pointing to the emergence of smaller and cheaper reactors, analysts say.

Researched by Industrial Info Resources--High transportation fuel costs and supportive government policies helped push global sales of new electric vehicles (EVs) to more than 10 million units in 2022, a record 14% of all vehicles sold, according to a new report on EVs from the International Energy Agency (IEA) (Paris, France). The 2022 percentage was a sharp uptick over 2021 and 2020 percentages, when only 9% and 5%, respectively, of new cars and trucks sold around the world were powered by electricity, the agency said April 26 in releasing its new report, Global EV Outlook 2023: Catching up with Climate Ambitions.

Researched by Industrial Info Resources --Oil refinery strikes in France may help unwind the stockpiling of petroleum products that took place prior to the European sanctions on Russian oil products, leading to tighter gasoil supplies.

Researched by Industrial Info Resources -- Around the world, large-scale refineries are nearing completion after years in the works and are expected to bring much-needed refined product supply to market. "Western Asia and Africa are among the regions ramping up refined product production, amid growing demand and global distillate tightening. This contrasts with regions like North America and Europe, where refinery projects are focused on ESG and alternative-fuel development," said Hillary Stevenson, Senior Director, Energy Market Intelligence for Industrial Info.

Researched by Industrial Info Resources-- Industrial Info Resources (IIR) finds that a wave of new export facilities for liquefied natural gas (LNG) in North America helps solve some of the recent energy security issues, but if the criticism is valid, it does little to address economic concerns at home.