SUGAR LAND, TX–(Marketwired – Aug 18, 2015) – Researched by Industrial Info Resources (Sugar Land, Texas) — The top 10 projects set to kick off in the U.S. Midwest in 2016, as ranked by investment values, come from a variety of industries and are spread across almost all states in the region, according to Industrial Info’s project database. Wind power is the biggest factor on the list, accounting for more than one-third of the $10.44 billion total project-investment value, with the Metals & Minerals Industry just a notch behind. Minnesota, which has the region’s largest mining and pipeline projects, leads all other states on the list.
The region includes Iowa, Kansas, Minnesota, Missouri, North Dakota, Nebraska and South Dakota. The latter is the only state not represented in the top 10.
10. ITC Holdings’ Winnco-to-Hazleton Transmission Line in Iowa: $480 Million
The U.S. Midwest expects to see more than $2 billion in power transmission projects begin construction next year, according to Industrial Info’s database, almost one-quarter of which can be attributed to ITC Holdings Corporation’s (NYSE:ITC) (Novi, Michigan) $480 million construction of a transmission line from the company’s proposed, 345-kilovolt Winnco West Substation in Cedar Rapids, Iowa, to its existing Hazleton Substation in Buchanan County, Iowa. MidAmerican Energy Company (Des Moines, Iowa) also is involved in the development.
Construction is currently expected to kick off in the first quarter of 2016, and to be completed toward the end of 2018. The line is expected to run through substations owned by ITC in Lime Creek and Emory, and MidAmerican’s Blackhawk Substation in Waterloo.
9. Antofagasta’s Hydrometallurgical Plant in Ely, Minnesota: $547 Million
One of the lowest spots on the list goes to a project that actually is part of a much larger one: Antofagasta’s (London, England) construction of a hydrometallurgical plant, to be built on the site of a proposed copper and nickel mine. The plant will use SGS S.A.’s (Geneva, Switzerland) PLATSOL Process, which SGS describes on its Web site as “a high-temperature, chloride-assisted pressure-leaching procedure,” to recover copper, nickel and platinum-group metals from ores.
8. Berkshire Hathaway’s Windfarm near O’Neill, Nebraska: $800 Million
BHE Renewables LLC, a subsidiary of Berkshire Hathaway (NYSE:BRK.A) (Omaha, Nebraska), announced earlier this year that it plans to build the 400-megawatt (MW) Grand Prairie Windfarm in north-central Nebraska. If completed, it would be the largest windfarm in the state, and it would increase Nebraska’s current wind-powered capacity almost 50% to 1,200 MW. The company expects the project to kick off in the first quarter and to be completed in second-quarter 2017.
In May, BHE Renewables put in an order with Vestas (Aarhus, Denmark) for 200 units of its V110 turbines, each with a capacity of 2 MW, for the windfarm.
To see the remaining articles in the Midwest’s top 10, view the entire article by subscribing to Industrial Info’s Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.
Within this article: Details on the 10 highest-value projects set to kick off in the U.S. Midwest in 2016, including those from major companies such as TradeWind Energy and NioCorp Developments.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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 www.industrialinfo.com “Contact Us” page.