July 2015 - Cleanroom - Ultrapure Water Insights 51

Real gross domestic product (GDP) edged down 0.2% at an annual rate in the first quarter of 2015, according to the third estimate from the Bureau of Economic Analysis. This report reflects an upward revision of 0.5 percentage point to overall GDP growth. The slower first quarter follows a solid increase of 3.6% at an annual rate during the second half of 2014. Over the past four quarters, GDP rose 2.9%. First-quarter growth was likely affected by a number of transitory factors including unusually severe weather, the West Coast ports dispute, and various measurement issues. A decline in net exports was another important contributor to weak GDP growth. Indeed, net exports subtracted nearly 2 full percentage points from quarterly GDP growth. Furthermore, structures investment subtracted about 0.6 percentage point from GDP, reflecting reduced oil drilling in the wake of last year’s decline in oil prices. Despite the decrease in GDP, real gross domestic income—an alternate measure of economic output—increased 1.9% at an annual rate in the first quarter.

The upward revision to first-quarter GDP was spread across many components of economic output. Personal consumption expenditures contributed 0.2 percentage point to the upward revision with improvements in estimates of both goods and services consumption. Private investment contributed another 0.3 percentage point with a mix of small upward revisions to structures investment, intellectual property investment, inventories, and residential investment. State and local government investment contributed the remaining 0.1 percentage point to the upward revision. Exports and imports saw offsetting revisions, leaving net exports essentially unrevised on balance. (The remaining text is not included in this sample.)

The University of Hong Kong has downgraded its estimate for the city's economic growth to 2% in the second quarter of this year from 2.4% previously because of poor external demand and economic turmoil overseas.

The Apec studies program of the Hong Kong Institute of Economics and Business Strategy at the university also blamed the city's possible slower growth on the long-lasting effects of a stronger US dollar, to which the Hong Kong dollar is pegged.

With the uncertainty of mainland China's slowdown, the delayed resolution of Greece's debt crisis and the uncertain timing of a much talked about rise in interest rates in the United States, Hong Kong's economy is expected to grow moderately this year, the university said.

It predicted economic growth would taper off further to 1.7% in the three months to September 30, from the same period last year.

For the full year, it expected the city's real gross domestic product to grow 2%- below the 2.5% for last year but within the government's prediction of a 1 to 3% rise. (The remaining text is not included in this sample.)

The Office of Budget Responsibility (OBR) has revised downwards its forecast of UK gross domestic product (GDP) growth in 2015 to 2.4%.

This is slightly lower than the OBR's previous forecast, made in March, of 2.5% GDP growth in 2015. Chancellor George Osborne blamed lower forecasts on slower global growth, in his Budget statement.

'The UK is growing faster than any other advanced economy,' he said, in the first wholly Conservative Budget since 1996.

He also said that current budget deficit as a percentage of GDP is expected to be reduced to 3.7% this year and 2.2% in 2016/17. It was 10.2% of national income in 2010.

'Britain has turned the corner and left the age of irresponsibility behind,' he said.

He predicted that a current budget deficit surplus would be reached by 2019/20. (The remaining text is not included in this sample.)

A complete analysis of GDP and monthly updates for individual countries are included as part of World Cleanroom Markets or Ultrapure Water World Markets.

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Treatment chemicals are an important addition to most oil and gas processes. Access to details on the worldwide oil and gas projects is provided at a substantial discount to World Cleanroom Markets or Ultrapure Water World Markets subscribers.

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Startup Date	Location	Fuel Comment	Project Title
Unknown	CA	orchard waste	Modesto Irrigation District biomass power plant
Unknown	Canada		NewPage mill cogen power plant-Nova Scotia Power/NewPage Port Hawkesbury
Unknown	FL		Port St. Joe Renewable Energy Center IGCC
Unknown	GA	wood	Ben Hill biomass power plant-Fitzgerald Renewable Energy
Unknown	SC	wood	John Matthews Industrial Park biomass power plant-Tri-County Electric Coop.
Unknown	South Korea		Dangjin 4 CFB power plant-GS Group
Unknown	UK		Heron Renewable Energy Plant-Drax/Siemens Project Ventures
Unknown	UK		Teesport (Tees) Renewable Energy Plant-MGT Power Ltd.
Unknown	UK		Avonmouth biomass project-Helius Energy
Unknown	UK		Port of Southampton biomass-fired power plant-Helius Energy
Unknown	UK		Anglesey Aluminum (Holyhead) wood-firing power plant
On hold	UK		Stallingborough biomass power plant-RWE
Cancelled	WI	wood waste	Bay Front biomass IGCC conversion-Xcel Energy
2017	Denmark	wood chips	Skaerbaek biomass cogeneration plant 2 units-Dong Energy
2017	India		Vemagiri expansion-GMR
2017	UK	wood chip, timber	Blyth (North) power plant-British Renewable Energy Systems
2017	UK		Grangemouth cogeneration plant
2017	UK	wood waste	Margam biomass power plant
2015	GA		Heard County biomass power plant-Rollcast Energy
2015	OR		Klamath Falls II-Klamath Generation
2015	Sweden		Vartaverket CFB combined heat and power plant-Fortum Varme
2015	UK	wood	Portbury Dock Renewable Energy Plant-E.ON
2015	UK	waste derived fuels also	Ferrybridge multi-fuel power plant-SSE Generation
2014	GA		Warren County biomass-fired power plant-Oglethorpe Power
2014	Sweden		Torsvik cogen power plant-Jonkoping Energi
2014	TX		Woodville-East TX Electric Coop
2014	UK		Tyne Renewable Energy Center-MGT Power
2014	UK		Drax biomass power project (Ouse Renewable Energy Plant)
2013	FL		Deerhaven II-Gainesville Regional Utilities
2013	FL		American Renewables power plant
2013	FL		Adage LLC power plant
2013	NH		Berlin BioPower project-Cate St. Capital
2013	WI		Domtar Corp. paper mill power plant/We Energies
2012	AZ		Pinal Power Maricopa power plant
2012	Finland	wood	Vaasa biogasification power plant-Vasiluodon Voima Oy
2012	MI		Midland biomass cogen plant-Dow Corning
2012	Poland		Polaniec CFB biomass power plant-GDF Suez
2012	Poland		Jaworzno CFB-Poludniowy Koncern Energetyczmy (PKE)
2012	Thailand		Prachinburi power plant-Biomass Electricty Co.
2012	TX	wood wastes	Nacogdoches County CFB biomass power plant-Southern Power
2012	UK	wood chip	Tees Valley-Gala Power
2011	TX		Henderson power plant-SunMark Energy
2011	WV		Mingo county biomass power plant-American Clean Energy
2010	UK	wood	Port Talbot biomass power plant-Global Wood Holding
2009	NM		Estancia Basin Biomass-Western Power Production
2009	Sweden		Igelsta combined heat and power plant expansion-Soderenergi AB
2009	TX		Lufkin-Aspen Power North
2007	UK		Lockerbie (Stevens Croft) BFB-E.ON
2006	NH		Northern Wood Power Project (CFB)-Public Service of New Hampshire
2006	WA		Cedar Hills-Energy Development