- Associated Press - Friday, December 18, 2015

LAKE CHARLES, La. (AP) - Two companies have announced they will invest $3 billion in two previously proposed Lake Charles chemical plants that are expected to directly create 215 jobs.

Axiall Corp. and Lotte Chemical Corp., through a joint venture called LACC LLC, will make a $1.9 billion investment in a new ethane cracker facility beside Axiall’s Lake Charles manufacturing plants in Calcasieu Parish, creating 135 new jobs, The Advocate reports (https://bit.ly/1Pdpjtj). Lotte will also build a $1.1 billion monoethylene glycol manufacturing plant on the same site, producing 80 new jobs.

Construction on both sites is expected to begin in 2016.

Louisiana’s economic development department estimates about 2,000 construction jobs will also be created at peak building activity for the new plants.

CB&I;, which is based in Texas and has operations in Baton Rouge, said LACC awarded it a contract valued at more than $1.3 billion to provide engineering, procurement, fabrication and construction for the ethane cracker project.

Axiall already has 1,600 workers in the Lake Charles area. It also operates facilities in Baton Rouge and Plaquemine.

Lotte Chemical Corp. is a global petrochemical company based in South Korea and a member of the Lotte Group.

“Louisiana’s southwest region has witnessed a remarkable industrial renaissance over the past several years, and Axiall and Lotte are contributing significantly to the incredible economic activity in this part of our state,” Gov. Bobby Jindal said.


Information from: The Advocate, https://theadvocate.com

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