Frequently Asked Questions (FAQ)
1. Why is a project I know about not listed?
The most common reasons that a project is not listed in CAPEX-online are:
– The project does not meet CAPEX-online’s project-qualification criteria. CAPEX-online publishes project information only once it has been classified and verified by E&B Data.
– The project is still in the process of research, qualification and classification E&B DATA’s investment watch is not limited to a simple press review.
2. How many projects are added in CAPEX-online each week?
Between 15 and 20 projects are added each week to the database. Note that there is a delay before an announced project can be accessed through the database. The typical project is added to the database within one month of publication. Projects from previous years may also be added periodically due to the continued addition of sources of information.
3. What are E&B DATA’s project-qualification criteria?
– The project must be publicly announced, with a credible schedule for realization.
– The selected projects are only capital investments (construction, machinery, equipment), including projects in the services sectors related to the industrial sectors, industrial sectors totaling more than $1M and commercial sectors totaling more than $20M.
– Shell buildings for future investments are not considered.
4. What does the project investment cost include?
The project investment cost includes capital expenditures in building, machinery and equipment (including R&D equipment).
5. Why is the project cost sometimes not available?
There are several possible reasons:
– The capital investment value is confidential.
– Even when the project cost is published by the media, the investor may not be willing to confirm the amount. In this case, E&B DATA makes a call about the credibility of the published value; CAPEX-online does not publish information when there is doubt about its accuracy. In addition, when the value is not available, an estimate made by E&B DATA is provided on the basis of comparable projects.
6. How is a project’s estimated cost calculated when no public value is available?
The estimation is based on the calculation of the weighted average within each investment project category such as industry, structure (e.g. light manufacturing, distribution and warehousing) and its investment type (greenfield or brownfield).
7. Why is the publicly-announced project cost different from what’s in E&B Data’s database?
CAPEX-online’s figures are based on a verification process (i.e. several sources consulted). In cases where there is conflicting information about project cost, E&B DATA puts forward its own estimates.
8. Are values for project cost provided in current dollars or constant dollars?
In current Canadian dollars.
9. Why are job-creation figures sometimes not available?
Several reasons may be possible:
– Job-creation information is confidential.
– Job announcements may be premature or exaggerated by the promoter.
– Job-creation numbers are linked to the market conditions at the time of project completion. If the figure remains uncertain, E&B DATA will not publish it.
10. Does CAPEX-online include construction jobs?
No. Only new, permanent jobs created within a year of project completion are included.
11. Are there follow-ups or updates?
E&B DATA follows up projects valued at $1 billion or more and publishes updates once a year. No systematic follow-ups are done for projects valued at less than $1 billion, although other factors may bring E&B DATA to update some of these projects.
12. I heard about a new acquisition that will certainly lead to future expansion. Will it be on the database?
Once the company announces the capital investment and E&B DATA completes the process of qualification, classification and verification, the project will be listed in CAPEX-online.
13. Do facility relocations qualify as capital investment projects?
Yes, as long as they meet CAPEX-online’s qualification criteria.
14. Do you consider exploration projects for natural resources?
No. CAPEX-online includes resources projects only once a construction phase is scheduled.
15. What level of precision is provided on the sector of activity for the investment?
CAPEX-online provides six-digit NAICS (North American Industry Classification System) code descriptions of the company’s main activity at the investment site.
16. The database includes public sector projects?
Public investments not considered include physical infrastructure (i.e. bridges, highways), as well as social and educational infrastructure (e.g. hospitals, universities).
17. What do the dates that accompany each project mean?
CAPEX-online provides the publication date of the initial information (i.e. news release) and, if applicable, the last update from E&B DATA.
18. How do you define country of origin?
Country of origin is determined by the location of the ultimate ownership group at the time of the investment decision, except when it is a financial institution or a holding company.
19. What are your sources?
Our sources include company news releases, newspapers, newswire services and the publications of economic-development agencies.
20. What is the validity of the information?
Errors may occur. E&B DATA does not guarantee that it is complete and correct, and takes no responsibility for any problem resulting from the use of data posted to the site. Any information critical to users’ operations should be verified independently.
21. How frequently are new capital investment projects added to the database?
New capital investment projects are added on a weekly basis.
22. What is a “green project”?
A green project is an investment project which involves the production of renewable energy (i.e. wind or solar farms), or materials recycling, or the manufacture of parts and equipment associated with these activities as well as technical and R&D centres.
Excluded are: hydroelectric projects, gas production from inorganic sources and recovery projects which are part of oil and gas extraction projects except for carbon capture and storage (CCS) projects.
23. What are green clusters?
These clusters are designed from an industrial development standpoint; regrouping energy generation projects as well as associated investments in equipment and component production, and technical and R&D centres.
The wind cluster involves the construction of wind farms and the manufacture of associated parts and equipment.
The solar cluster involves construction of solar farms, solar panels, photovoltaic cells as well as the manufacture of associated parts and equipment.
The materials cluster involves the recycling and the recovery of materials from used products such as metals, plastics, electronic devices and industrial and municipal waste. The cluster also includes investment projects in the management of toxic waste/products and the manufacture of associated parts and equipment.
The bio-energy cluster involves the production of bio-fuels (i.e.: ethanol, bio-diesels, bio-gas), bio-oils, wood pellets and investment projects centered on the use of these energy sources (i.e. cogeneration). The cluster also includes the manufacture of associated parts and equipment. Bio-food products are excluded.
The residual cluster (Other) involves other types of projects related to renewable energy (i.e. tidal turbines) and the manufacture of associated parts and equipment. Also included are green projects not specified in the clusters above (i.e. carbon capture and storage (CCS) projects).