Posted: Sep 24, 2013 3:00 PM
Updated: Sep 24, 2013 7:03 PM
Source: Associated Press
BATON ROUGE - Shell says it has settled on Ascension Parish to possibly build a $12.5 billion natural gas to liquids plant that would create 740 jobs.
No final decision has been made on whether to construct the facility. The company says it will decide after more detailed planning and environmental permitting are done.
But state leaders praised Tuesday's announcement that Shell had selected the site near Baton Rouge as the plant's location if it's built.
Gov. Bobby Jindal's office said the state offered an incentive package that includes a $112 million grant for road improvements, land purchasing and other infrastructure costs. Plus, Shell would receive additional tax breaks from the state.
The plant would create natural gas-based diesel and jet fuels, along with specialty waxes and products used in plastics and detergents.