Subsidy Tracker Individual Entry

Company: 
Hexion Inc.
Parent Company: 
Apollo Global Management
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
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.