Subsidy Tracker Individual Entry

Company: 
BASF Corporation
Parent Company: 
BASF
Subsidy Source: 
local
Location: 
Louisiana
City: 
Geismar
County: 
Ascension
Address: 
8404 River Road
NAICS Industry Code: 
325100
Project Description: 

Start-Up/New. The new Praxair Syngas Separation Unit (SSU) will be located on the BASF Site and will be owned and will be operated by Praxair; the infrastructure will be built, owned and operated by BASF. These projects are entirely dependent upon each other to the extent that neither will occur without the other. Upon start-up in 2020, the consolidated investment will 1) provide BASF lower cost

Year: 
2017
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$5,179,200
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
0
Wage Data: 
$0
Wage Data Type: 
new annual payroll
Capital Investment: 
$32,000,000
Notes: 

Subsidy value is estimated ten-year property tax exemption. Jobs figure is number of new positions.

Source Notes: 
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