Dec 7, 2012
Bill McMeekin
Bill McMeekin
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Louisiana Energy Project: $16B and 7,000 Jobs

Energy: Natural gas flame

What is being billed as one of the largest foreign direct investment projects in U.S. history tops the week’s job creation and site selection news:

In Louisiana, South Africa-based Sasol Ltd. plans to invest between $16 billion and $21 billion in an integrated gas-to-liquids (GTL) and ethane cracker complex and ethane cracker complex in Westlake that is expected to create 1,253 direct jobs paying an average salary of nearly $88,000. The project, the largest single investment in state history and one of the largest FDI projects in U.S. history, is expected to create an additional 5,886 new indirect jobs, for a total of more than 7,000 direct and indirect jobs. Sasol also will retain 435 existing direct jobs in Westlake as a result of the project.

In Indiana, Ohio Valley Resources plans to locate a new fertilizer plant in Rockport, creating up to 80 new jobs by 2016. The company will invest $952 million to construct a nitrogen fertilizer facility on approximately 150 acres in Spencer County. The Indiana site was selected because of its  rail, highway and river access and its proximity to two interstate natural gas pipelines.

In Texas,  Layne Christensen Co. is moving its global headquarters from Kansas to The Woodlands, creating 210 jobs and $6.7 million in capital investment. A $1.3 million Texas Enterprise Fund (TEF) award is being offered to finalize this headquarters move and job creation. Layne Christensen is a global water management, construction and drilling company providing solutions for water, mineral and energy challenges.

In Colorado, Universal Sports Network will relocate the network’s production and broadcast operations from Southern California to Denver in 2013. The Los Angeles-based company has selected Comcast Media Center (CMC) as its local partner in Colorado to provide studio production facilities, linear master control origination and distribution services.  Universal Sports is a multi-platform media destination for Olympic and endurance sports programming/ The move to Denver, which will create 44 new jobs.

In Virginia, satellite services provider Intelsat will relocate its U.S. headquarters to the Tysons Corner area of Fairfax County from its current location in Washington, D.C. Intelsat plans to bring more than 430 employees to the Fairfax County economy when it relocates in mid-2014.

In Mississippi, VT Halter Marine has launched a major expansion at the company’s Port of Pascagoula shipyard, breaking ground on VT Halter Marine’s new ship repair facility that will create 400 jobs. VT Halter Marine, the marine operations division of VT Systems, is a leader in the design and new-build construction of medium and large-sized ships in the U.S

 

 

 

 

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