Jindal, company announce $135M expansion in Louisiana
LAKE CHARLES - W.R. Grace & Co. and Chevron Products Co. will build a $135 million residue hydro-processing catalyst production plant and additional alumina capacity at the existing Grace manufacturing facility near Lake Charles.
The announcement was made Monday in a news release from Gov. Bobby Jindal and W.R. Grace & Co. Chairman and CEO Fred Festa.
The companies' joint venture is called Advanced Refining Technologies.
Grace will retain 295 direct jobs at the site. ART will create 30 new direct jobs.
State officials estimate another 88 new indirect jobs will result from the project.
Construction is expected to start later in 2015. Completion is projected for early 2018.
The State of Louisiana provided an incentive package, including a $2.4 million Modernization Tax Credit to be claimed over five years.
Image: Advanced Refining Technologies