Oil & Gas Steers $58 Billion of Industrial Projects Under Development in Louisiana
SUGAR LAND--June 26, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--The recent uptick in hydrocarbon development and its accessibility as a cheap feedstock for the petrochemical sector is driving industrial project development in Louisiana. The state has 629 active industrial projects totaling $58 billion under development. These projects range from those in the early planning stage to those under construction. Energy-related projects, especially those in the Power, Refining and Oil & Gas and Chemical Processing industries, account for about 90% of the activity in the state.