SNF, the U.S. subsidiary of France-based SNF Floerger, is expanding its petrochemical plant along the Mississippi River in Iberville Parish.
The company is spending an additional $375 million at the SNF Holding Co. facility near Plaquemine, where it produces crylamide monomer and polyacrylamide powders and emulsions. Polyacrylamides are water-soluble polymers that are commonly used to assist in removing impurities from water and in wastewater treatment applications. SNF products also are used to improve the extraction, efficiency, and overall water quality in the oil and mining markets.
Located along the Mississippi River south of Plaquemine, SNF’s additional investment will expand production at its 1,000-acre site, which is the largest site by acreage in the SNF global portfolio. SNF announced its first investment of $350 million in Iberville Parish in June 2009, with the current polyacrylamide powders facility built in stages since then.
The expansion will allow the company to add additional polyacrylamide powder and emulsion lines, one additional acrylamide monomer production line and new purification equipment, according to Louisiana Economic Development. Additionally, the company will develop infrastructure and logistics capabilities to support the increased manufacturing capacity at the site.
The expansion will add 150 positions with an average annual salary of $87,300, plus benefits, Louisiana Economic Development said. The company plans to retain the 390 workers already there.
The state offered an incentive package that includes a Retention and Modernization Tax Credit of up to $2.2 million, as well as a performance-based forgivable loan of $1.5 million for infrastructure improvements. SNF is expected to participate in Louisiana’s Industrial Tax Exemption and Quality Jobs programs as well.