With $6 billion planned for industrial project spending in 2007, Hudson County, N.J., has moved to the top of the "Top 20 Industrial Project Spending Counties List," released Thursday by Industrial Info Resources.
Industrial Info's analysis of active U.S. industrial projects scheduled to begin construction in 2007, shows that the top 20 counties are planning 345 projects resulting in over $57 billion in capital and maintenance project spending. This represents about 26 percent of the total planned project spending planned for 2007.
Hudson County's project will expand Hoboken, N.J., train access with the construction of a new rail tunnel under the Hudson River to extend transportation between Manhattan, N.Y. and New Jersey. Construction could possibly start late in 2007.
There are also several small projects and outages in New Jersey planned by companies such a PSEG Power and International Matex Tank Terminals for 2007.
At 13 projects totaling approximately $5.1 billion, Ascension Parrish, La., comes in second on Industrial Info's list.
Ascension Parrish's biggest project for 2007 will be a $5 billion synfuel coal gasification plant, along with several Chemical Processing Industry (CPI) projects planned by companies such as Huntsman Corp., Shell Chemical Co., Williams Co. and Rubicon. Among the CPI spending planned in Ascension Parrish are a $60 million new unit addition and smaller $1 million to $3 million unit turnaround projects.
Texas is the best-represented state on Industrial Info's list, with four counties making the top 20, including Harris, Jefferson, McLennan, and Robertson.
The Top 20 list is rounded out by: Arlington, Va., Cameron, La., Campbell and New York, N.Y., Clark, Nev., Itasca, Minn., Lake, Ind., Los Angeles and San Bernardino, Calif., Middlesex, Mass., Noble, Okla., San Juan, N.M., Washington, Ill., and Wayne, Mich.
