Subsidy Tracker Individual Entry

Company: 
Big Lake Fuels LLC
Parent Company: 
Consolidated Energy Limited
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
Lake Charles
County: 
Calcasieu
Address: 
4101 Tank Farm Road
NAICS Industry Code: 
325199
Project Description: 

Start-Up/New

Year: 
2015
Major Industry of Parent: 
miscellaneous energy products and systems
Specific Industry of Parent: 
methanol and ammonia
Subsidy Value: 
$201,009,378
Program Name: 
multiple
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
123
Capital Investment: 
$1,100,000,000
Source of Data: 

The subsidy value and the jobs, payroll and investment figures came from entries for Big Lake Fuels LLC for the Industrial Tax Exemption and Quality Jobs programs on the 2015 Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/docs/default-source/Performance-Repo... See also a January 15, 2016 G2X press release "G2X Energy Hosts Big lake Fuels Ground Breaking Ceremony," online at: http://g2xenergy.com/press/g2x-energy-hosts-big-lake-fuels-ground-breaki...

Notes: 

Big Lake Fuels LLC is a subsidiary of G2X Energy. The package for a methanol production facility consisted of a $180.4 million ten-year property tax exemption, $16. 2 million in sales and use tax credits, and a $4.4 million ten-year payroll rebate via the Quality Jobs program. Jobs are new jobs. Overlap with main Subsidy Tracker data: a $180,400,000 entry for Industrial Tax Exemption and a $20,609,378 entry for Quality Jobs, both for Big Lake Fuels LLC in 2015.

Source Notes: 
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