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Started By
Message
re: Woodside reaches $17.5B investment decision on Lake Charles LNG facility
Posted on 4/29/25 at 2:19 pm to NewMoneyTrash
Posted on 4/29/25 at 2:19 pm to NewMoneyTrash
quote:
Not sure if you’re referring to actual direct staff positions for the plant, but as far as the contractors during the construction phase, most of these mega jobs are at least over 50% Hispanic. I’d guess closer to 65-70% though. Lots of labor from the Houston, and south Texas area. TWIC is also not always required during construction. Lot of people onsite without it
i can tell you last time for the big lng and sasol and other projects it wasnt like that
0
Posted on 4/29/25 at 2:22 pm to Mingo Was His NameO
quote:
If they don’t build the plant, you still get $0 in property tax. These plants are a little different in you have to be near the natural resource, but I can tell you with certainty, these projects are competitive. Companies absolutely factor incentives into where and/or if they complete these projects.
To your question, is sales tax the only from residents the only additional revenue, no. They have to have somewhere to live so they pay property tax, they pay income tax on their wages, which for a project like this is typically well over the parish average wage. And the company is still paying a shite ton of taxes. Sales tax on purchases, employment taxes, apportionable income taxes to the state, etc, etc.
this
and then also after 10 years the tax exemption is over. so then you get the taxes from that
and mingo is 100% correct in that its kind of.....give them the incentive and they build here...if not they go to texas
so you can get 500 permanent jobs plus the taxes revenue starting in 10 years or you can get nothing...deceide. I prefer delayed gratification and the jobs
Posted on 4/29/25 at 2:22 pm to LSURoss
quote:
Who knows. Most people I see complaining relate it to nightlife and dating scene.
I haven't lived there for 25 years but it isn't bad unless you compare to Baton Rouge or Laffy.
quote:
Also, they have been doing a ton of civil work to the north of SHAW on Lincoln rd. is that where this facility is going?
Where Burton Shipyard was once located then later Global Marine. The slip for ships was dug for Global Marine's pipelay ships. North of the GIWW bridge
Posted on 4/29/25 at 2:24 pm to lsu777
quote:
give them the incentive and they build here...if not they go to texas
Why would Texas be more economically advantageous than Louisiana without piled on incentives, one wonders...? We'll never know!
Posted on 4/29/25 at 2:25 pm to Mingo Was His NameO
quote:
And the company is still paying a shite ton of taxes. Sales tax on purchases, employment taxes, apportionable income taxes to the state, etc, etc.
I guess this is where the uncertainty in my thought process comes from. I don't know how to quantify that.
Easier to quantify additional tax revenue from 500 individuals (property/sales/income).
Appreciate the serious response.
Posted on 4/29/25 at 2:28 pm to lsu777
quote:
this
and then also after 10 years the tax exemption is over. so then you get the taxes from that
and mingo is 100% correct in that its kind of.....give them the incentive and they build here...if not they go to texas
so you can get 500 permanent jobs plus the taxes revenue starting in 10 years or you can get nothing...deceide. I prefer delayed gratification and the jobs
I agree.
Appreciate the responses.
Posted on 4/29/25 at 2:28 pm to Baers Foot
quote:
I guess this is where the uncertainty in my thought process comes from. I don't know how to quantify that. Easier to quantify additional tax revenue from 500 individuals (property/sales/income). Appreciate the serious response
In many states you have to submit an economic impact report as part of your application for these types of incentives so it is quantified on a relative basis as part of the process. And many of these programs mandate certain metrics such as you have to have X number of jobs that pay at least 110% of the parish average wage.
Not sure the exact process in Louisiana
Posted on 4/29/25 at 2:29 pm to LemmyLives
quote:
Why would Texas be more economically advantageous than Louisiana without piled on incentives, one wonders...? We'll never know!
Texas is extremely business friendly with these type programs. Chapter 380 and 381 agreements, enterprise zones, JETI program, etc.
Keep spouting off though
Posted on 4/29/25 at 2:41 pm to Mingo Was His NameO
Nice economic Win 
Posted on 4/29/25 at 2:47 pm to TopWaterTiger
quote:Same goes for Lafayette.
Yeah LC is at its worst along I10.
Posted on 4/29/25 at 2:58 pm to lsu777
Exxon Chemicals used Louisiana's incentives to bargain with Corpus to getting more incentives. Politicians are suckers quite often. That ethylene cracker (JV with Exxon and Saudi Arabia) was going to be built there the entire time due that's where the feedstock was coming from, NGL's from Eagleford and Permian.
Lake Chuck is about as far east as you will find those world scale new petrochemical plants not using natural gas as feedstock when everything is equal. LNG, Ammonia, and Methanol use natural gas not NGLs.
Donaldsonville is where several major natural gas pipelines cross the Mississippi River and why CF Industries is THE ammonia/fertilizer plant for the US, plus barging fertilizer up the Mississippi/Missouri/Ohio rivers.
Lake Chuck is about as far east as you will find those world scale new petrochemical plants not using natural gas as feedstock when everything is equal. LNG, Ammonia, and Methanol use natural gas not NGLs.
Donaldsonville is where several major natural gas pipelines cross the Mississippi River and why CF Industries is THE ammonia/fertilizer plant for the US, plus barging fertilizer up the Mississippi/Missouri/Ohio rivers.
Posted on 4/29/25 at 3:32 pm to CitizenK
quote:
Exxon Chemicals used Louisiana's incentives to bargain with Corpus to getting more incentives. Politicians are suckers quite often. That ethylene cracker (JV with Exxon and Saudi Arabia) was going to be built there the entire time due that's where the feedstock was coming from, NGL's from Eagleford and Permian.
if this was how together Louisiana and the other anti-ITEP type framed their arguments, i would be more willing to listen. A healthy skepticism with any government handout is fair. All of these breaks should be audited heavily.
Instead, they say things like
quote:
“This lost revenue means Plaquemines Parish misses out on $316 million for schools, $226 million for law enforcement, and $83 million for health services over 10 years,” the report reads. “In return, Plaquemines LNG promises to create 300 jobs, meaning it receives $2.8 million in ITEP subsidies per job created.”
This is just a disingenuous argument from people who don't want a plant to be built, they would be against it if they were paying 200% property taxes for climate reasons.
They will also only focus on direct permanent jobs with Forumsa or whatever. Anyone with any industry experience knows that there is exponentially more economic activity that goes to support these plants than just direct labor.
Just another shining example of why democrats are losing the working man because they actively hate the one industry that will employee just about anyone that can piss clean, turn a wrench or has a CDL.
Posted on 4/29/25 at 3:36 pm to Dire Wolf
quote:
A healthy skepticism with any government handout is fair. All of these breaks should be audited heavily.
They are, and if they don’t meet the requirements the states will absolutely make you pay it all back, that I can assure you
Posted on 4/29/25 at 3:41 pm to DiamondDog
quote:
LC labor market might be one of the strongest for its relative size.
All the LNG is fighting to death for qualified people.
And we talking serious money for skilled labor during these construction phases.
I just hope if the success is realized, that the leaders dont frick it up. LCH has a history of unsatisfactory, underqualified leadership in almost every area. The trait they lack is the worst to lack in my opinion, which is why they are always lagging when they should never be lagging, ever.
This post was edited on 4/29/25 at 3:43 pm
Posted on 4/29/25 at 3:42 pm to yaboidarrell
quote:
Yeah LC is at its worst along I10.
Same goes for Lafayette.
True, but Lafayette has exits along the interstate you don't mind getting off to eat or get gas without the fear of getting mugged. Passing through LC makes you say, "we'll wait for the next town"
Posted on 4/29/25 at 4:07 pm to CitizenK
quote:
Per him, the locals wanted guaranteed plant baw jobs above $100k per year without having to pass safety requirements such as passing a 3rd grade reading comprehension exam and a drug screen.
And when you can’t agree to these absurd, unsafe terms, the media talking point go out about how “big industry pollutes but doesn’t hire within the community”.
Posted on 4/29/25 at 4:37 pm to Dire Wolf
If I am not mistaken the companies are supposed to hire through Louisiana Employment Works system. They don't send a lot of applicants who can pass any test. Most cannot pass a 3rd grade level reading comprehension test per a trainer (now retired) at Sasol, who I have known since childhood.
Posted on 4/29/25 at 5:10 pm to goofball
Guessing their target market is the EU and their heavy LNG-dependent energy sector?
Posted on 4/29/25 at 6:17 pm to lsu777
quote:
but you have to remember...the LC metro area is still only a little over 200k, you arent going to have big city type attractions there as they cant be supported to make it profitable.
See the unfinished waterslide in Lacassine as an example.
I will probably pass it this weekend heading to Sulphur.
Posted on 4/29/25 at 6:28 pm to Tarps99
quote:
See the unfinished waterslide in Lacassine as an example.
Don't put that blunder on Lacassine. Iowa is much more deserving for owning that black eye.
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