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MegadealsSubsidy Tracker Individual Entry
Company: Shintech Louisiana LLC
Parent Company:
Shin-Etsu Chemical
Subsidy Source: state
Location: Louisiana
City: White Castle
County: Iberville
Address: 60705 Highway 405
Zip: 70778
NAICS Industry Code: 325211
Project Description: Additions to this site include the drilling of two new Brine wells and structural capabilities for treatment and delivery of Brine to our Plaquemine site. After caverns are drilled, water is injected into the caverns and mixes with the salt to create a brine solution. Pumps bring the brine to the surface where it can be treated and used in the chlor-alkali process. The Sodium Chloride Solution (Brine) is the pre curser to the final manufactured product. The final product is PVC Resin. The NAICS code is 325211. This NAICS code is not registered with LWC because Shintech does not have any employees (nor an UI#) for this facility. Expenditures include wellhead, casing and tubing, drilling fluids, drill rig, site preparation, testing and facility piping, electrical and Instrumentation. This expansion is integral to the manufacturing process of the existing facilities by providing additional brine capacity. These expenditures will support the retention of 16 permanent contract jobs (that only exist due to Shintech's investment and need for Brine) at the White Castle Brine facility.
Year: 2023
Major Industry of Parent: chemicals
Specific Industry of Parent: chemicals
Subsidy Value: $1,582,020
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 0
Capital Investment: $25,500,000
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.