Incitec Pivot-Cornerstone Chemical Open $1-Billlion Production Plant In Jefferson Parish, Louisiana
Based in Australia, Incitec Pivot is the parent company of Dyno Nobel, which developed the plant with an annual ammonia capacity of 800,000 metric tons at Cornerstone Chemical’s 800-acre Fortier Manufacturing Complex.
Incitec Pivot Limited developed the Dyno Nobel ammonia plant to support its U.S. industrial explosives business and external customers. Cornerstone produces acrylonitrile, melamine and sulfuric acid at the Fortier complex, where Dyno Nobel’s ammonia plant is integrated with Cornerstone’s existing plant infrastructure.
“Today’s ceremony marks an important milestone for our world-scale ammonia plant in Waggaman, Louisiana,” Incitec Pivot Limited Chairman Paul Brasher said. “This plant is a transformational event for our Dyno Nobel business in the U.S. and for our company. It is the first ammonia plant to have been built in the state in over 25 years and we could not have achieved this without the support and engagement of the State of Louisiana, Louisiana Economic Development, Jefferson Parish Economic Development Commission, Jefferson Parish and the Waggaman community.”
“Today, we celebrate the dedication of a new world-class ammonia production facility, which is the product of the hard work of thousands of individuals and millions of dollars which were invested in Louisiana to unlock the value provided by our vast wealth of natural resources,” said Cornerstone Chemical CEO Greg Zoglio. “This is just one of many projects that have been made possible through stunning advances in technology that have re-established the U.S. Gulf Coast and Louisiana as the global leader in base chemical manufacturing for decades to follow.”
To secure the project, the state offered a competitive incentive package that included a Modernization Tax Credit of $3 million for Cornerstone Chemical, to be claimed over five years, along with the services of LED FastStart. Cornerstone Chemical and Dyno Nobel also are expected to utilize the state’s Industrial Tax Exemption and Quality Jobs programs.
“This facility demonstrates the appeal of Jefferson Parish and Greater New Orleans as a location for industrial expansion, with a $1 billion-plus investment made by Dyno Nobel and Cornerstone Chemical,” said President/CEO Michael Hecht of GNO Inc. “These companies were able to take advantage of the region’s natural assets of the Mississippi River and supply of natural gas, as well as the financial savings created by our economic climate, fueling growth of the local economy with operations at this new plant.”
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