69°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Plastics manufacturer developing $750M facility in Ascension Parish

3 months 1 week 3 hours ago Wednesday, February 16 2022 Feb 16, 2022 February 16, 2022 6:30 PM February 16, 2022 in News
Source: WBRZ

GEISMAR - Plant-based plastics maker Origin Materials announced plans to invest at least $750 million into a new manufacturing facility in Ascension Parish.

The company said it expects the development, slated for the 150-acre Parks Geismar site,  to result in more than 1,000 new direct and indirect jobs. The plant will use wood residue to make plant-based polyethylene terephthalate (PET) used in packaging, textiles, apparel and other applications.

Origin also plans for the facility to produce Hydrothermal carbon, which can be used in fuel pellets.

The company expects construction to begin in mid-2023 and for the plant to be operational by mid-2025.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days