2014 could yield Texas $70B worth of industrial projects

TEXAS – Texas is going to be bustling with industrial construction activity in 2014. This year, more than $70.9 billion worth of planned industrial capital and maintenance projects are scheduled to start in Texas, according to Industrial Info Resources.

Many of those projects will be in Houston, a hub for oil, gas and chemical processing and manufacturing operations. The bulk of new projects in Texas are related to liquefied natural gas production and export facilities and chemical processing facilities.

Although the firm points out that not all of these projects will come to fruition, this number is still pretty astounding, especially when compared to other states.

For example, Louisiana, another state that expects a surge of industrial projects in 2014, has $45.7 billion worth of industrial capital and maintenance projects planned.