Governor Jindal, BASF break ground on expansion in Geismar

Governor Jindal, BASF break ground on expansion in Geismar

POSTED: Tuesday, October 23, 2012 - 4:15pm

UPDATED: Tuesday, October 23, 2012 - 4:19pm

Today, Governor Bobby Jindal and BASF executives joined other officials in breaking ground on a new formic acid production plant at the company’s 2,600-acre chemical complex in Geismar. The project will be the only plant of its kind in North America, and will create 20 new direct jobs. Louisiana Economic Development estimates the expansion will result in 91 new indirect jobs.

The new employees will join 1,500 existing BASF direct and contract employees at the integrated chemical site in Geismar that is home to nearly two dozen different chemical production plants. The payroll for BASF’s current staff exceeds $163 million annually, and the new formic acid project will be the company’s third major investment in Geismar since 2009, joining a methylamines plant completed in 2011 and a surfactants plant scheduled for completion in 2013.

Governor Jindal said, “BASF is one of the largest economic drivers in our state, and projects with the company have yielded over $300 million in new capital investment and over 400 new jobs for Louisianians since 2009. BASF could have invested in other states, but they are choosing to expand right here in Louisiana because we have a great business climate, a strong transportation infrastructure and the best workers in the world.”

BASF’s formic acid production facility will enable the company to serve strategic markets in North America and South America, giving customers an environmentally friendly solution for product applications that will preserve animal feed, de-ice roads and runways, promote shale gas extraction, and provide building blocks for household and industrial cleaning agents, pharmaceuticals and other chemical intermediates, among other uses.

“This new plant further strengthens our position as a leading supplier of chemistry for sustainable solutions,” said Tom Yura, BASF’s senior vice president and general manager of Geismar site. “Our investment also demonstrates our commitment to the future growth of this site and our employees at Geismar.”

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