Russian company plans $1.5 billion fertilizer plant
BATON ROUGE - A Russian chemical company announced plans today to build a $1.5 billion fertilizer plant and distribution center in southern Louisiana which would bring thousands of jobs to the region.
State officials said the EuroChem plant would create 200 permanent jobs and support 1,300 indirect jobs, as well as 2,000 construction jobs to get the plant up and running.
The location for the plant is still up in the air, though. The state said EuroChem is still evaluating two sites in Iberville Parish and St. John the Baptist Parish. The first location is owned by the state, the second by a private holder. A decision is expected within the next year, and construction is estimated to take about four years.
People in Iberville Parish say they would welcome the plant.
"It's going to bring a lot more money to the area and more people coming and going, bringing more business to all my friends around the area," said John Coe, who repairs valves at various plants. "It's a win for everybody."
Moscow-based EuroChem is the sixth-largest producer of nitrogen and seventh-largest producer of phosphate in the world. They have U. S. offices in Tampa, Fla.