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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
Source of Data: (click here)
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.