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: 
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