Subsidy Tracker Individual Entry
Company:
Lotte Chemical Louisiana LLC
Parent Company:
Lotte Chemical
Subsidy Source:
local
Location:
Louisiana
City:
Westlake
County:
Calcasieu
Address:
2200 Bayou D'Inde Pass
NAICS Industry Code:
325199
Project Description:
Start-Up/New. Lotte Chemical Louisiana LLC proposes to build a 700 KTA (1.5 Billion pounds/yr) MonoEthylene Glycol (MEG) plant which will be fully integrated with LACC, LLCs (Lotte Axiall Chemical Company) planned 1,000 KTA (2.2 Billion pounds/yr) Ethylene cracker located adjacent to Axiall Corporation's existing Lake Charles, LA chlor alkali manufacturing site. The plant's design capacity will make it
Year:
2017
Major Industry of Parent:
chemicals
Specific Industry of Parent:
chemicals
Subsidy Value:
$180,459,628
Program Name:
Industrial Tax Exemption
Awarding Agency:
Commerce & Industry Board
Type of Subsidy:
property tax abatement
Number of Jobs or Training Slots:
80
Wage Data:
$7,225,000
Wage Data Type:
new annual payroll
Capital Investment:
$1,085,798,000
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.
