Global Trade Alert
Global Trade Alert

United States of America/State of Louisiana: Incentives package for Axiall Corp. and Lotte Chemical Corp

Announcement

17 Dec 2015

In 2015 the state of Louisiana provided incentives to an ethane producer.

 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Dec 2015

Revocation date:

17 Dec 2025

Updated: 17 Dec 2015
Financial grant

The companies also received Economic Development Award Program incentives of $700,000 for the ethane cracker and $1.47 million for the MEG facility to pay for site infrastructure improvements.

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Updated: 17 Dec 2015
Tax or social insurance relief

On December 17, 2015 Governor Bobby Jindal and Axiall Corp. and Lotte Chemical Corp. executives announced the companies will make a combined $3 billion capital investment in two new chemical manufa...

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