Companies investing $3B in 2 Lake Charles-area plants

LAKE CHARLES, La. (AP) — Two companies have announced they will invest $3 billion in two previously proposed Lake Charles chemical plants that are expected to directly result in 215 jobs. The Advocate ( http://bit.ly/1Pdpjtj ) reports that Axiall Corp. and Lotte Chemical Corp., through a joint...

LAKE CHARLES, La. (AP) — Two companies have announced they will invest $3 billion in two previously proposed Lake Charles chemical plants that are expected to directly result in 215 jobs.

The Advocate (http://bit.ly/1Pdpjtj ) reports that Axiall Corp. and Lotte Chemical Corp., through a joint venture called LACC LLC, will make a $1.9 billion investment in a new ethane cracker facility beside Axiall's Lake Charles manufacturing plants in Calcasieu Parish, creating 135 new jobs. Lotte will build a $1.1 billion monoethylene glycol manufacturing plant on the same site, producing 80 new jobs.

Louisiana's economic development department estimates about 2,000 construction jobs will be created at peak building activity for the new plants.

Axiall already has 1,600 workers in the Lake Charles area. It also operates facilities in Baton Rouge and Plaquemine.

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Information from: The Advocate, http://theadvocate.com

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