Lithuania-based Investimus Foris Plans $265 Million Ammonia Manufacturing Plant In Pollock, Louisiana
07/22/2015
Investimus Foris is buying assets of the former Vanguard Synfuels refinery in Pollock, Louisiana, as the site for its new facility. The company also is negotiating with European and Asian companies to purchase and move ammonia plant components that will be coupled with existing plant infrastructure in Pollock to create the new ammonia facility. The Louisiana refinery had been operated as an ammonia plant before its acquisition by Vanguard Synfuels.
The plant will produce 500,000 tons of ammonia per year for use in agricultural applications. Most of it will be shipped by pipeline to destinations in the northern United States. The company also is exploring foreign export markets. Construction is expected to start in the second quarter of 2016 and is scheduled to be completed within 26 months, in the third quarter of 2018.
Governor Bobby Jindal said, “This foreign direct investment by a subsidiary of one of the leading corporations of Europe’s Baltic Region represents an exciting new chapter in Louisiana’s ongoing economic development success story. We applaud the initiative of Investimus Foris to take an idle biofuels plant and retrofit it as an ammonia production facility. This project will result in hundreds of permanent jobs and construction jobs that will provide an important economic boost for Central Louisiana.”
“In Louisiana, we have found the right location for our company to grow and thrive,” board Chairman Arunas Laurinaitis said. “We are grateful to Governor Jindal, Louisiana Economic Development and the local authorities in Central Louisiana who have welcomed us. Investimus Foris is looking forward to a long and successful experience in Grant Parish.”
As an incentive to secure the project, the state offered a competitive incentive package that includes the services of LED FastStart, the top-ranked state workforce development program in the nation. The company, which is expected to hire 85 associates, also is expected to utilize Louisiana’s Quality Jobs and Industrial Tax Exemption programs.
“We are happy to welcome Investimus Foris to Grant Parish and Central Louisiana,” said President/CEO Jim Clinton of the Central Louisiana Economic Development Alliance. “It’s great to see the Pollock facility heading back into production, as well as the new jobs being created.”
Project Announcements
Northern Ireland-Based Almac Group Expands Montgomery County, Pennsylvania, North American Headquarters
07/05/2022
Precision Planting Plans Morton, Illinois, Operations Center
07/05/2022
HHO Carbon Clean Systems Plans McCracken County, Kentucky, Production Plant
07/05/2022
Toast Establishes Nashville, Tennessee, Configuration Complex
07/05/2022
H-E-B Expands Temple, Texas, Distribution Operations
07/05/2022
Peerless Products Establishes Nevada, Missouri, Facility
07/02/2022
Most Read
-
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
Q2 2022
-
In Focus: Demand for Industrial Land Surges
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
Five Ways for Manufacturers to Manage Global Market Volatility
Q2 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
The Evolution of the Megasite
Q2 2022
-
Putting Your Best Foot Forward: Presentation of Incentives Information to the Media
Q2 2022