Council grants tax breaks for $1.3 billion in Shintech projects


The Iberville Parish Council approved a $110 million tax break for plastics producer Shintech Louisiana last week under the state’s Industrial Tax Exemption Program. The ITEP approval will support three Shintech expansions in the parish totaling just under $1.3 billion.

The first phase of U.S. polyvinyl chloride producer Shintech’s PVC expansion in Louisiana remains on track to finish construction in mid-2021, and involves an expansion across the entire PVC production chain at Shintech’s Plaquemine complex. PVC capacity will be expanded by 58 percent from 635,029 mt/year to more than 1 million mt/year. Read more about Shintech’s plans.