$9B chemical plant to be built near Sunshine Bridge in St. James Parish
CONVENT - St. James Parish has been selected as the site of a new multibillion-dollar chemical manufacturing complex.
On Monday, Governor John Bel Edwards and Formosa Petrochemical Corporations announced the company's $9.4 billion facility will be built on a 2,400-acre site along the banks of the Mississippi River. Located just downriver from the Sunshine Bridge, the complex is to be built in two phases over the course of about 10 years.
The plant will produce ethylene, propylene, ethylene glycol and associated polymers. Formosa plans to operate the complex under its subsidiary and Louisiana registered company, FG LA LLC, and is branding the site as “The Sunshine Project.”
Pending the completion and approval of permits for the site, FG could begin construction as soon as 2019.
A release from the governor's office says the Sunshine Project would create 1,200 new direct jobs averaging $84,500, plus benefits. Louisiana Economic Development estimates the project also would result in 8,000 new indirect jobs, for a total of more than 9,000 jobs in the River Parishes and surrounding regions of Louisiana.
More info about the project can be found HERE.