Indorama Ventures $175 million venture brings 600 jobs to Lake Charles
CARLYSS, La. — Group CEO Aloke Lohia of Indorama Ventures and Gov. Bobby Jindal announced the company will renovate and restart a dormant ethane cracker west of Lake Charles, Louisiana, where Indorama Ventures will make a $175 million capital investment. Based in Bangkok, Thailand, Indorama Ventures Public Co. Ltd., or IVL, has through its U.S. subsidiary, Indorama Ventures Olefins LLC, acquired the dormant ethane cracker facility and approximately 250 acres.
With the project, IVL will create 125 new direct jobs with an average annual salary of $50,000, plus benefits. Louisiana Economic Development estimates the project will result in an additional 481 new indirect jobs, for a total of more than 600 new jobs in Southwest Louisiana. The company estimates the project will generate up to 600 construction jobs at peak building activity.
Source: Louisiana Economic Development