Dow Chemical: Two New Plants in Louisiana
In an effort to boost the production of ethylene, Dow Chemical (IW 500/25) announced in August of 2013 that it will invest $1.06 billion in two new polyolefins plants.
One plant will produce next-generation synthetic rubber and another will produce high-performance polyethylene at its 3,300-acre site in Plaquemine Louisiana.
Plaquemine is only a short drive from our extended stay corporate housing and furnished short term rental homes.
The Louisiana Economic Development office estimates an additional 470 new indirect jobs will be created for a total of 541 new jobs. The project will create 1,200 construction jobs as well as 150 contractor jobs to support the new facilities. These industrial projects require many months to construct and temporary workers are ideally served by furnished corporate housing provided by www.corporate-rentals-Louisiana.com.
“The Dow Louisiana Operations in Plaquemine were the first investment by The Dow Chemical Co. our state 57 years ago, and we’re continuing to see the fruits of billions of dollars in chemical manufacturing investments that are continuing to help drive our economy,” said Gov. Bobby Jindal.
The new plants will increase the supply of chemicals for Dow’s Performance Plastics unit, with applications in adhesives, sporting goods, diaper components, automotive interiors and exteriors, carpeting, home furnishings and personal care products that are part of a $450 billion global market.
This investment is part of Dow’s U.S. Gulf Coast investment strategy. In December, the company restarted an ethane cracker in Hahnville, La., that had been idle since early 2009. That project included more than 2,000 construction jobs and created or retained 80 jobs. We have furnished corporate housing located between the Dow Taft site in Hahnville and the Dow Plaquemine site. Our corporate housing is also located convenient to Dow Grand Bayou operations in Napoleonville La. Donaldsonville is optimally situated to access both Dow facilities with no traffic hassles to any of these Dow locations.
To secure the project, Louisiana will provide Dow with a $2.84 million Modernization Tax Credit, to be claimed over five years, and the comprehensive solutions of LED FastStart workforce development program. In addition, Dow is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs