Industry Trends Page 124

Driverless Vehicles Could Increase Energy Needs

By 2050 light-duty vehicle miles alone are projected to reach 3.3 trillion – 18 percent higher than in 2017.

Updates on the U.S.-China Trade Conflict

The total potential tariffs now amount to nearly as much as the total value of all the products sent from China to the United States in 2017 — $505.6 billion.

Expansion Will Double Solar Panel Output

The largest manufacturer of solar panels in the United States has officially begun construction of its new and highly touted manufacturing facility in Ohio.

A Closer Look at Drilling the ANWR

Prior to the Trump Administration’s decision to open up the area, the Arctic National Wildlife Refuge (ANWR) was essentially under a drilling moratorium.

Tax Package Incentivizes $150M Expansion

The company received revenue credits, property tax breaks, and workforce development grants.

Phillips 66 Launches $1.5B Refinery Expansion

The project is part of a boom in Gulf Coast petrochemicals manufacturing.

Lighting Manufacturer Investing $46M in Wisconsin

The third-generation, family-run business describes the project as the largest and most transformational it has undertaken at a single time.

Medical Mfr. Seeks Tax Break for 260-Job Expansion

While there is some opposition, company officials are optimistic that the deal will be approved so the $92M project can commence.

Aluminum Mfr. Adding 175M Pounds of Capacity

According to the company, the project represents its most significant capital investment in this sector of the business in over 15 years.

Bearings Maker Runs Out of Room

The additional equipment included in the expansion will help it to keep pace with growing demand for its products in the automotive and heavy-duty construction equipment markets.