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Shell studying $1.2B Louisiana expansion.

Byline: CityBusiness staff reports

Shell Chemical says it's moving forward with feasibility plans for a potential $1.2 billion expansion at its Geismar manufacturing plant.

The company would build a monoethylene glycol plant at its 841-acre complex in Ascensoin Parish. A decision on the project could come next year, a news release said.

It would create 23 new direct jobs with average annual salaries of $100,000 plus benefits. The state estimates 112 new indirect jobs. Currently, 575 workers are at the site, and they would be retained.

Monoethylene glycol is used to make paints, paper, textiles, resins, coolants and adhesives.

The local parish council and school board have approved the company using the state's Industrial Tax Exemption Program, and negotiations continue between Shell and the state on the incentives.

Shell has operated the plant since 1967 and made two other major expansions in 1995 and 2002.

In December 2018, Shell completed a $717 million expansion there that increased its linear alpha olefins capacity by 425,000 tons to a total 1.3 million tons per year.

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Publication:New Orleans CityBusiness
Date:May 20, 2019
Words:195
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