Dyno Nobel Considering $800M Plant in Jefferson Parish
- May 28, 2012
Dyno Nobel International, the Utah-based explosives and chemical products manufacturer, is to spend $30 million on a comprehensive study regarding the feasibility of establishing an $800 million ammonia production factory on a brownfield site in Jefferson Parish, reports Area Development Online.
If the study yields a positive result, the facility would be developed at Cornerstone Chemical’s existing complex in South Kenner, upstream from Waggaman, according to The Times-Picayune. The Cornerstone Chemical site’s attraction lies not only in the existing infrastructure but also in the standing permits for ammonia production on the site, as up until a decade ago ammonia was manufactured there. Available and qualified workforce is another major pull, as is Louisiana’s access to well-performing energy markets. The main advantage of the site, however, might be its Environmental Protection Agency Brownfield Redevelopment Program area status, which would give Dyno access to a number of grants, incentives and tax credits for any clean-up and redevelopment work it does on the 800-acre site.
Results from the study will be available in the first half of 2013, when the announcement regarding development will be made. If the results are positive, production at the plant would start in the fall of 2015. Furthermore, in addition to Cornerstone Chemical’s 441 current workers, 60 direct new permanent jobs will be created, as well as 440 indirect jobs. Average salaries are estimated to be around $58,000.
Also, the expected 750,000 metric tons of annually produced ammonia would cut Dyno’s demand for overseas import of the substance, as well as covering Cornerstone’s need for it.
The Louisiana Economic Development’s Business and Expansion Retention Group and the Jefferson Parish Economic Development Commission have been conducting discussions with Dyno since April 2011.
Dyno Nobel International was founded by Alfred Nobel, inventor of dynamite, in the 1800s.
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