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Shell considering a $1.4 billion expansion project outside Baton Rouge
Posted on 4/28/22 at 9:12 am
Posted on 4/28/22 at 9:12 am
The Advocate
However......it's not a huge permanent jobs creator.
quote:
A few years after completing a $717 million expansion of its alpha olefins production facility in Geismar, Shell Chemical LP is eyeing another $1.4 billion project at the site to continue ramping up production.
Shell Chemical on Wednesday won approval from the state Board of Commerce and Industry for an Industrial Tax Exemption Program break for the $1.4 billion project, which the company says will create a “world scale” linear alpha olefin plant at the Geismar facility. Linear alpha olefins are used to make detergents, waxes, plastics and premium lubricants.
The Geismar expansion will be the sixth time Shell Chemical has deployed its “proprietary technology” at one of its sites to produce linear alpha olefins, according to the company’s application for the ITEP incentive.
However......it's not a huge permanent jobs creator.
quote:
Shell expects the linear alpha olefin expansion will create 12 permanent jobs with an average salary of $85,000, as well as 750 construction jobs.
11
Posted on 4/28/22 at 9:15 am to goofball
I am sold on being able to buy my premium lubes locally
Posted on 4/28/22 at 9:19 am to goofball
Truck Nuts [ON]/OFF
Posted on 4/28/22 at 9:19 am to goofball
Good to hear.
Now what's their plan for the old Convent refinery that they refuse to sell?
Now what's their plan for the old Convent refinery that they refuse to sell?
Posted on 4/28/22 at 9:24 am to goofball
quote:
Shell expects the linear alpha olefin expansion will create 12 permanent jobs with an average salary of $85,000, as well as 750 construction jobs.
We welcome our incoming baws.
Posted on 4/28/22 at 9:26 am to goofball
One billion doesn’t get you very much
Posted on 4/28/22 at 9:30 am to goofball
quote:
However......it's not a huge permanent jobs creator.
Employed by Shell... but what about service companies and suppliers.
Also, investments like these often help plants stay open longer and stay off the chopping block.
Posted on 4/28/22 at 9:34 am to goofball
They have been talking about Project Lotus for 3 years. I see the price tag has gone up $200 million in that time frame too.
Posted on 4/28/22 at 9:41 am to goofball
Does that place ever stop with the expansion projects? How do they expect to make a product when they’ve been working on that place for 10+ years now.
Posted on 4/28/22 at 9:50 am to goofball
Also in the article, the ITEP was approved for Mitsubishi's plant with 100 permanent new jobs.
quote:
The Board of Commerce and Industry on Wednesday also approved an ITEP application for MCC Methacrylates Americas Inc., a subsidiary of Mitsubishi Chemical Corp., for a new methyl methacrylate manufacturing facility in Geismar. Methyl methacrylate is used to make paint, adhesives, glazes, flat-screen computer monitors, acrylic barriers and lighting displays.
MCC Methacrylates Americas will receive a $16.8 million tax break in the first year of its contract while ponying up $4.2 million that same year. The project is expected to total nearly $1.37 billion in expenses and should generate 100 permanent new jobs with an average salary of $97,000.
Posted on 4/28/22 at 10:13 am to goofball
quote:
Shell Chemical on Wednesday won approval from the state Board of Commerce and Industry for an Industrial Tax Exemption Program break for the $1.4 billion project,
Can someone do the math on the cost of infrastructure stressing this project with create so we can see how much this will cost the tax payers? Since they aren't gonna pay property taxes and what not.
Posted on 4/28/22 at 11:25 am to goofball
quote:
$1.4 billion expansion project
quote:
expansion will create 12 permanent jobs
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