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MegadealsSubsidy Tracker Individual Entry
Company: Indorama Ventures Olefins LLC
Parent Company:
Indorama Ventures
Subsidy Source: state
Location: Louisiana
City: Westlake
County: Calcasieu
Address: 4300 Hwy 108
Zip: 70669
NAICS Industry Code: 325110
Project Description: The company is moving forward with making additional investments into the plant to improve performance and process refinery grade propylene. Such investment will also enhance safety, due to plant shut down from weather related events. This investment is required to get the plant back up and running and make necessary process and equipment improvements. Plant investments include furnace upgrades and firing modifications, new vaporized skids and Selective Catalytic Reducers for the 3 Boilers, Cold Side improvements, new pumps and valves, acetylene reactor upgrades, pressure relief improvement by installing reducers, storage, controls, and C4 Hydrogenation & reprocessing line modifications. Other ancillary modifications required to other equipment like decoker air isolation, hydrant, single point of failure, and fire station. This extensive project will require new piping, valves, controls, transmitters, and wiring. The furnace will be enhanced with a low fire trip system.
Year: 2023
Major Industry of Parent: chemicals
Specific Industry of Parent: plastics
Subsidy Value: $4,030,041
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 3
Wage Data: $150,000
Wage Data Type: Estimated New Payroll
Capital Investment: $69,531,417
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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