BATON ROUGE, LA (WAFB) - The governor joined Occidental Chemical Corporation to spread some good economic new Monday.
Gov. John Bel Edwards and Occidental President Rob Peterson announced that the company has planned an expansion for its OxyChem manufacturing plant in Geismar.
"OxyChem is proud to be celebrating its 50th year as a part of the Louisiana business community, and this project further demonstrates our commitment to growing our opportunities in the state," Peterson said.
The $145 million project is expected to include equipment that would create raw material for manufacturing new, climate-friendly refrigerants.
According to Louisiana Economic Development, the expansion will bring dozens of new jobs to Ascension Parish. Once complete, the expansion will create 12 new jobs at the plant with an average, annual salary of $80,000.
"OxyChem has been a tremendous industrial citizen in our parish for many years," said Ascension Parish President Kenny Matassa. "Today's announcement is a testament to the positive business climate we have built in this parish and to the vitality of our workforce. We thank OxyChem for its ongoing commitment."
The expansion is set to begin in May with an expected completion date of late 2017.
OxyChem is planning on using Louisiana's Quality Jobs and Industrial Tax Exemption incentive programs to get tax breaks from the state for the expansion.
"We're proud to see great employers like Occidental Chemical continue to make new investments in Louisiana," Gov. Edwards said. "This expansion testifies to the productivity of our highly skilled, Louisiana-grown talent, and we commend OxyChem for their dedication to our state. With many decades of operation here, OxyChem is unfolding a new chapter of success in Louisiana while retaining existing jobs and adding great new career opportunities."
OxyChem also has facilities in Convent, Luling and Hahnville.