Industrial Reports, Inc.

 

Planned Capital Spending - December 2019

Big Gain in U.S. Industrial Spending; Canadian Spending Down

RALEIGH, NC

January 2, 2020

Research by Industrial Reports, Inc. shows combined U.S. and Canadian planned capital spending rose over 30 percent in December to $34.95 billion compared to November’s $26.45 billion. Projects in both nations ranged in value from $1 million to $9.4 billion. The research organization reported 173 planned U.S. and Canadian projects in December.

Planned U.S. project spending more than doubled in December with $33.38 billion in planned investment compared to the November total of $15.01 billion. U.S. spending was mostly composed of $16.35 billion in planned investment for process projects, followed by $11.09 billion for power and energy projects and $3.34 billion for manufacturing projects. Louisiana was the U.S. leader in planned investment for the month with $11.45 billion, followed by Arizona with $3.98 billion and Texas with $2.56 billion. The majority of U.S. project activity was in Texas which had 16 planned projects reported, followed by Virginia with 12 projects, and Florida and Ohio, each with eight.

Canadian planned investment plummeted to $1.57 billion in December compared to November’s $11.44 billion. Process projects also led all Canadian markets with $1.08 billion reported in planned spending, followed by $266 million for manufacturing projects and $154 million for power and energy projects. Alberta led the provinces and territories with $465 million in planned spending. We reported $370 million in planned spending in Ontario, while Yukon Territory followed with $296 million. The majority of Canadian project activity was in Alberta with seven planned projects reported. There were six projects reported in British Columbia and five in Ontario.

Industrial Reports researches projects in the United States and Canada for companies that provide services, materials and equipment for new and expanding industrial facilities, including:

-Manufacturing Facilities
-Process Facilities
-Food Process Facilities
-Chemical Process Plants
-Pipelines
-Oil & Gas Projects
-Mines
-Research & Development Laboratories
-Distribution Facilities
-Energy Facilities
-Industrial Buildings
-Water/Wastewater Treatment Plants
-Solid Waste Facilities
-Plant Dismantlements

The following are selected projects researched and reported in December:

Alabama:
$40.4 Million PET Recycling Plant Expansion, Planning Phase

Arizona:
$3.8 Billion Hydroelectric Power Plant & Electrical Substation, Planning Phase

British Columbia:
$9.7 Million Liquefied Natural Gas-Fired Power Plant, Planning Phase

Florida:
$60 Million Cold Storage & Distribution Facility, Design Phase

Idaho:
$35 Million Corrugated Packaging Plant Expansion, Design Phase

Indiana:
$200 Million Beverage Plant Expansion, Planning Phase

Michigan:
$145 Million Agricultural Chemical Plant Expansion, Starting Design

Minnesota:
$56 Million Cell Production Facility Expansion, Starting Design

North Dakota:
$100 Million Carbon Dioxide Capture & Storage Facility, Starting Planning

Ohio:
$46 Million Water Treatment Plant Upgrade, Design Phase

Ontario:
$266 Million Aircraft Assembly Plant, Starting Design

Oregon:
$112 Million Natural Gas Compressor Station Upgrades, Planning Phase

South Carolina:
$240 Million Pulp & Paper Mill Modifications, Design Phase

Texas:
$300 Million Crude Oil Pumping Expansion, Starting Planning

Utah:
$50 Million Frac Sand Processing Plant & Mine, Design Complete

Virginia:
$600 Million Peaking Power Plant, Planning Phase


Planned Capital Spending

Planned Investment Chart


Planned Capital Projects

Project Activity


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