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re: Shell considering a $1.4 billion expansion project outside Baton Rouge
Posted on 4/28/22 at 9:50 am to goofball
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.
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