State News

Experts say 2nd industrial revolution starting in La.

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Posted: Jan 28, 2013 5:49 PM by Mike Steele
Updated: Jan 28, 2013 7:10 PM
Source: WBRZ

  Rating: 5.0 (1 vote)

Topics: industrial revolution, lsu, energy, report, oil and gas, industry, jobs

BATON ROUGE- A new LSU energy report shows industry will invest $60 billion dollars in Louisiana projects over the next decade.

The investments are tied to Louisiana's natural gas resources and production development, and expected to generate more than $20 billion directly to the state economy.

Louisiana Chemical Association President Dan Borne says 30,000 new jobs could be added to the Baton Rouge and Lake Charles markets. He tells News 2 there are nearly six jobs created in outside jobs for every plant job added.

LSU professor David Dismukes calls it a new industrial revolution for Louisiana. He says the natural gas plans will benefit everything from gas to liquids facilities to petrochemical sites and mills.

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