Subsidy Tracker Individual Entry

Company: 
Lotte Chemical Louisiana LLC
Parent Company: 
Lotte Chemical
Subsidy Source: 
State
Location: 
Louisiana
City: 
Westlake
County: 
Calcasieu
Address: 
2200 Bayou D'Inde Pass
Zip: 
70669
Project Description: 

LOTTE Chemical Louisiana LLC proposes to build a 700 KTA (1.5 Billion lbs/yr) MonoEthylene Glycol (MEG) plant which will be fully integrated with LACC's planned 1,000 KTA (2.2 billion lbs/yr) Ethylene cracker adjacent to Axiall's existing Lake Charles, LA chlor alkali manufacturing site. The plant's design capacity will make it the largest MEG plant in the United States. The MEG products produced will be sold to customers mainly in the U.S., Europe and Asia.

Year: 
2018
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$14,214,000
Program Name: 
Quality Jobs Project
Awarding Agency: 
Louisiana Economic Development
Type of Subsidy: 
tax credit
Number of Jobs or Training Slots: 
1,245
Wage Data: 
$264,561,463
Wage Data Type: 
Estimated Total Payroll
Capital Investment: 
$1,100,000,000
Notes: 

Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Rebate and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.

Source Notes: 
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