The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Europe’s five largest chemical and pharmaceutical construction projects that were initiated in Q2 2024, according to GlobalData’s construction projects database.
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1. Høvik Electrolyzer Manufacturing Plant
The project involves the construction of an electrolyzer factory with a 4,500MW consumption capacity on the existing DNV building in Høvik, Norway.
Construction work started in Q2 2024 and is expected to be completed in Q4 2026.
2. Holland Hydrogen 1 Facility
The project involves the construction of a green hydrogen plant with a 200MW electrolyzer in Rotterdam, South Holland, Netherlands.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2025.
This wind energy will come from the offshore wind farm Hollandse Kust (north) and the produced hydrogen will be transported via a pipeline to Shell’s refinery in Pernis.
3. Trafford Green Hydrogen Plant
The project involves the construction of a 200MW green hydrogen plant with a production capacity of 18,250 TPA in Manchester, the UK.
Construction work started in Q2 2024 and is forecast to complete in Q4 2026.
The project aims to amplify the energy production in the area.
4. Puertollano Industrial Complex Biofuel Production II Plant Upgradation
The project involves the transformation of an old production facilities into new biofuel production plant in Cartagena, Spain.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2025.
5. Voreppe Pharmaceutical Production Plant
The project involves the construction of a pharmaceutical plant on a 14,000m2 area in Voreppe Commune, Isère Department, Auvergne-Rhône-Alpes Region, France.
Construction work started in Q2 2024 and is expected to be completed in Q2 2025.
The project aims to increase production capacity to 250 million pieces per year compared to 15 million today.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
