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MegadealsSubsidy Tracker Individual Entry
Company: Freepoint Eco-Systems Baton Rouge Recycling LLC
Parent Company:
Subsidy Source: state
Location: Louisiana
City: Darrow
County: Ascension
Address: 30.119660, -90.910466
Zip: 70725
NAICS Industry Code: 326199
Project Description: Freepoint Eco-Systems is considering building a new advanced recycling facility that will convert plastic feedstock into pyrolysis oil and pyrolysis syngas. In addition to the new processing facility, Eco-Systems proposes to bring rail service onto the property for incoming plastic feedstock. The investment for this project will cover the construction of the primary processing facility (600), a warehouse-machinery and equipment storage building (75), a control building (50) and rail facilities. The primary equipment purchases will include fire protection equipment, cooling towers, wastewater system, centrifuge equipment, pumps, conveyors, storage silos, an extruder, overhead condenser, rotary kilns, quench towers, stabilizing columns, refining tanks and rail tracks and unloading arms.
Year: 2023
Subsidy Value: $21,453,600
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 5
Wage Data: $350,000
Wage Data Type: Estimated New Payroll
Capital Investment: $350,000,000
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
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