$5 billion in pending capital investments could ease the pandemic pain for Louisiana


As the coronavirus continues to hammer global markets, some rather sizable energy projects on the horizon could ease the pain for Louisiana, New Orleans City Business reports.

Citing information from Louisiana Economic Development, the publication reports eight southeast Louisiana construction plans scheduled through 2021 promise to create 2,770 permanent jobs with more than $5 billion in capital investments.

The projects include YCI Methanol One’s $1.85 billion methane-to-methanol plant in St. James Parish, ready for completion by the end of 2020, Bayer AG’s St. Charles Luling facility, a $420 million alkylation unit in the 1,000-acre Valero-owned St. Charles Refinery in Norco, Diamond Green Diesel’s $1 billion plant expansion, Linde’s $250 million hydrogen facility in St. James Parish and more.

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