BATON ROUGE, LA-Louisiana has been selected as the location for a $3 billion energy-industrial development that could result in more than 2,400 new direct and indirect jobs.
Governor Bobby Jindal and Axiall Corporation president and CEO Paul Carrico announced yesterday that Axiall has chosen to work with Louisiana to develop a world-scale ethane cracker to be built in conjunction with a related ethylene derivatives plant.
The capital investment by Axiall and a joint venture partner would approach $3 billion, with approximately two-thirds of the that dedicated to the ethane cracker and the remainder to the derivatives plant, according to a statement from Louisiana Economic Development (LED). Axiall would invest approximately $1 billion in the proposed project – with a partner investing the additional capital – and Axiall expects to award a front-end-engineering and design contract in early 2014.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
