Chemical company announces Ascension Parish plans
BATON ROUGE - State officials and leaders with the Stepan Company announced plans to start work on a proposed $60 to $70 million chemical plant for Ascension Parish's industrial corridor.
The company's CEO said they will complete front-end engineering and design work for the facility. They said they'll make a final decision on the project in the second quarter of 2015.
The company is in property negotiations for a manufacturing site in Ascension Parish. LED offered the Stepan Company a package of incentives to consider the site and have been negotiating with the company since 2012.
Pending a final investment decision by the company's board of directors, Stepan would begin building the project in the fourth quarter of 2015, with hiring to begin in 2017 as construction nears completion. LED said the project would create 33 new direct jobs with an average annual salary of $70,000 per year, plus 98 new indirect jobs and 65 construction jobs.