Southwest Region's Industrial Project Spending For 2007 Said To Top Great Lakes Area
Southwest Region's Industrial Project Spending For 2007 Said To Top Great Lakes Area .
Although the Southwest region has fewer active industrial projects planned for 2007, it is leading the traditionally number one Great Lakes region for total planned industrial project spending dollars (899 projects for the Southwest region vs. 992 for the Great Lakes region), according to a report released Tuesday from Industrial Info Resources.
For 2007, industrial project spending in the Southwest has increased from $45 billion to $50 billion. The Great Lakes region is next with approximately $44 billion slated for industrial project spending, followed by Western Canada with $33 billion, and the Northeast with $27 billion.
Industrial Info forecasts that these figures will change as the year progresses and new projects are identified and others fallout due to delays or cancellations.
The largest project planned to begin construction in the Southwest region in 2007, Industrial Info reports, is a grassroot, $5 billion coal gasification plant being built by Synfuel, Inc. in Geismar, La.
The plant will produce gasoline, LPG, syngas, methanol, steam, and sulfuric acid from coal, and will include a cogeneration plant with a capacity of about 500 megawatts.