Subsidy Tracker Individual Entry

Company: 
LACC, LLC US
Parent Company: 
Subsidy Source: 
local
Location: 
Louisiana
City: 
Westlake
County: 
Calcasieu
Address: 
2200 Bayou D'Inde Pass
NAICS Industry Code: 
325110
Project Description: 

Start-Up/New. Newly formed LACC, LLC a joint venture between Axiall Corporation and Lotte Chemical USA Corporation proposes to construct an ethane cracker to produce 1 million tons/yr of ethylene nearly adjacent to Axiall's existing chemical manufacturing plant in Westlake, LA. Ethylene is produced by steam cracking of Ethane. Ethylene is obtained from Ethane with

Year: 
2017
Subsidy Value: 
$304,478,400
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
135
Wage Data: 
$10,200,000
Wage Data Type: 
new annual payroll
Capital Investment: 
$1,832,000,000
Notes: 

Subsidy value is estimated ten-year property tax exemption. Jobs figure is number of new positions.

Source Notes: 
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