Behind ExxonMobil’s polyolefins plant on Scenic Highway, the oil and gas giant has been constructing a new, $500 million polypropylene plant since 2019. After a few delays, the project is slated to be finished in late 2022.
The chairman of the state board that handles manufacturers’ requests for local property tax exemptions says the circumstances of each company that fails to live up to its job-creation commitments should be judged individually.Â
The Capital Region will have gained back about 81% of the jobs it lost to the COVID-19 pandemic by the end of this year, outpacing the rest of the state, economist Loren Scott predicts.Â
Manufacturing companies that utilize Louisiana’s Industrial Property Tax Exemption Program but don’t hit their employment and payroll targets will be asked to justify keeping their exemptions.Â
The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the U.S. is clogged and no one knows how to unclog it.
Baton Rouge-based private equity firm Bernhard Capital Partners today announced it has agreed to acquire rail infrastructure solutions provider RailWorks Corp., from Wind Point Partners, a Chicago-based private equity firm.Â
Shortages are cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go into a vast universe of products ranging from cereal bags to medical devices, automotive interiors to bicycle helmets.Â
A team of searchers from LSU and the University of Delaware are working to develop chemical manufacturing processes that use CO2 feedstocks and renewable energy sources instead of natural gas or petroleum.Â