News Archive
The next U.S. energy boom could be wind power in the Gulf of Mexico
August 15, 2022 - With passage of the Inflation Reduction Act, which contains $370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power.The U.S. has just two operating offshore wind farms, off...
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NRG Energy proposes $526M expansion at Cedar Bayou plant in east Baytown
August 10, 2022 - Houston-based NRG Energy Inc. (NYSE: NRG) is seeking to expand a power station in Chambers County.NRG proposed adding a 690-megawatt electric-power generation block at its existing Cedar Bayou power production complex in east Baytown, according to tax incentive applications recently made public by the Texas comptroller's office. The...
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FedEx Ground inks big distribution center lease in Baytown
August 3, 2022 - FedEx Ground signed a major deal to open its 10th distribution center in the Houston area, bringing possibly hundreds of new jobs to Baytown.The package distribution facility is being developed by Houston-based McNair Interests and Pontikes Development in the Port 10 Logistics Center, located southeast of Interstate 10 and Texas 330. ...
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SI Group Moves Headquarters
August 1, 2022 - A chemical company with a Baytown facility moved its corporate headquarters from New York to The Woodlands to take advantage of the region’s dominance in the petrochemical industry. The company also purchased laboratory space in the Houston area.SI Group has a manufacturing facility at 4604 West Baker Road...
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Dayton Street Partners to Develop 164,640 SF Spec Industrial Project Near Port Houston
July 7, 2022 - Chicago-based Dayton Street Partners will develop a 164,640-square-foot speculative industrial project near Port Houston. The facility will be situated on a 47.4-acre site within the 15,000-acre TGS Cedar Port Industrial Park in Baytown and function as a truck terminal as well as a storage and distribution center. Building features will...
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PSC Group opens advanced recycling facility in Baytown, Texas
July 7, 2022 - PSC Group has opened a 200,000-square-foot facility in Baytown, Texas, to provide advanced plastics recycling services.At this new Baytown complex, PSC will receive industrial post-use plastic in rigid, foam and film forms. Using specialized equipment housed at the facility and advanced recycling processes, PSC will combine and densify these...
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Pipeline giants Enterprise Products and Energy Transfer consider chemicals business
June 29, 2022 - Two of the nation’s largest pipeline companies are planning projects that would expand their businesses into petrochemical manufacturing.Houston-based Enterprise Products has applied for tax abatements on an ethylene manufacturing facility in East Texas that, if built, would cost more than $5 billion. Energy Transfer of Dallas also...
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Fidelis: Final mall demolition underway
June 17, 2022 - The remnants of the old San Jacinto Mall are about to be demolished, the property’s owners said. Afterward, the construction of the long-awaited San Jacinto Marketplace will then begin to take place. “Demolition is currently underway,” Stacey Matejka, spokeswoman for Fidelis Realty Partners, the owners...
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Riceland community brings 4,500 homes to Mont Belvieu east of Houston
June 15, 2022 - Riceland, a proposed 1,500-acre master-planned community in Mont Belvieu, will break ground this month on one of the largest residential developments on the east side of Houston.The $400 million development, going up on family-owned farmland northeast of Interstate 10 and the Grand Parkway in Chambers County, aims to meet the growing...
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Japanese Homebuilder Builds U.S. Momentum With Acquisition Of Houston Company
June 13, 2022 - A U.S. subsidiary of Japanese homebuilder Sekisui House has purchased Houston-based homebuilder Chesmar Group for $514M, bringing the company a step closer to its goal of building 10,000 homes annually outside Japan by 2025.Sekisui House US Holdings purchased Chesmar, which develops single-family houses throughout Texas, along...
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