Here are the five largest construction projects initiated in the US during Q3 2022, according to GlobalData’s construction projects database.
1. New Albany Semiconductor Facility – $20,000m
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The project involves the construction of a semiconductor facilities on 404ha of land in New Albany, Licking county, Ohio the US.
Construction work started in Q3 2022 and is expected to be completed in Q4 2025.
The project aims to boosts the production of semiconductors to meet the demand of urge in advanced semiconductors and also have new innovative products in a new project called IDM 2.0 strategy.
2. Related Santa Clara Mixed-Use Complex – $8,000m
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By GlobalDataThe project involves the construction of a mixed-use complex on 97.12ha of land at City Center site north of Levi’s Stadium in Santa Clara, California.
Construction work commenced in Q3 2022 and is expected to finish in Q3 2028.
The aim of the project is to provide residential and retail space with other modern amenities for people in the city.
3. Mount ProspectData Center Development – $2,500m
The project involves the construction of a data center at Mount Prospect, Illinois.
Construction work started in Q3 2022 and is forecast to complete in Q1 2028.
The project aims to provide advanced data center facilities in the region.
4. Beaumont Blue Ammonia Production Facility – $2,060m
The project involves the construction of a blue ammonia production facilities with a capacity of 1.1 million tons per annum in Beaumont, Texas.
Construction work commenced in Q3 2022 and is expected to be completed in Q1 2025.
The project aims to provide the full value chain with blue ammonia, to be delivered to customers using new ammonia-fuelled vessels ensuring a minimal carbon footprint.
5. Bowling Green Gigafactory – $2,000m
The project involves the construction of a 278,709m2 EV battery manufacturing plant on 28ha of land with a capacity of 30GWh at Kentucky Transpark in Bowling Green, Warren County, Kentucky.
Construction work started in Q3 2022 and is expected to be completed in Q4 2027.
The purpose of the project is to meet the demand of batteries for electric vehicles and achieve net zero carbon emissions globally.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
