Placid Refining LLC is considering investing another $94.5 million into its crude oil refinery in Port Allen, reports the Baton Rouge Advocate.
The company described the potential work as upgrades to its refinery for all its processes, which may include new equipment such as loading arms, piping and a water header. A final decision has not yet been made and there is no guarantee of doing the project. The refinery processes 75,000 barrels of oil per day.
Placid Refining employs 223 workers in Port Allen and anticipates hiring another five employees by 2024 if it moves forward on the project. During a two-year construction phase starting in April 2022, the company expects to support 100 construction jobs. See the full story in The Advocate.