Company: Hexion Inc. Parent Company: American Securities LLC Subsidy Source: local Location: Louisiana City: Geismar County: Ascension Address: 4338 Hwy 73 NAICS Industry Code: 325199 Project Description: Addition. Addition of a process unit used to manufacture 50% formaldehyde solution. Year: 2017 Major Industry of Parent: private equity (including portfolio companies) Specific Industry of Parent: private equity (including portfolio companies) Subsidy Value: $4,753,053 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: $29,088,454 Source of Data: (click here) Notes: Subsidy value is estimated ten-year property tax exemption. Jobs figure is number of new positions. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.