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MegadealsSubsidy Tracker Individual Entry
Company: Indorama Ventures Olefins LLC
Parent Company:
Indorama Ventures
Subsidy Source: State
Location: Louisiana
City: West Lake
County: Calcasieu
Address: 4300 Hwy 108
Zip: 70669
Project Description: This project entails the renovation and restart of a dormant ethane cracker plant. The company will be producing 370,000 metric tons of ethylene and 30,000 tons of propylene each year.
Year: 2018
Major Industry of Parent: chemicals
Specific Industry of Parent: plastics
Subsidy Value: $7,117,950
Program Name: Quality Jobs Program
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 1,525
Wage Data: $139,882,496
Wage Data Type: Estimated Total Payroll
Capital Investment: $275,000,000
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Rebate and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.