OxyChem announces $145M expansion in Geismar, $80k per year jobs
GEISMAR, La. — Occidental Chemical Corp. President Rob Peterson and Governor John Bel Edwards announced a $145 million expansion of the company’s manufacturing plant in Geismar. The project includes equipment for producing a new raw material to be used in making next-generation, climate-friendly refrigerants. The company, also known as OxyChem, will create 12 new jobs with an average salary of $80,000 a year, plus benefits, in addition to retaining 400 OxyChem employees and contractors who now work at the Geismar plant. Louisiana Economic Development estimates the project will result in another 37 new indirect jobs for a total of 49 new jobs in Ascension Parish and surrounding areas.
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Based on patented research and development by OxyChem, the new product would enable the efficient production of next-generation refrigerants, which have low global-warming potential and ozone depletion potential.
“We’re proud to see great employers like Occidental Chemical continue to make new investments in Louisiana,” Gov. Edwards said. “This expansion testifies to the productivity of our highly skilled, Louisiana-grown talent, and we commend OxyChem for their dedication to our state. With many decades of operation here, OxyChem is unfolding a new chapter of success in Louisiana while retaining existing jobs and adding great new career opportunities.”
Photo courtesy of OxyChem
Source: Louisiana Economic Development