Incitec Pivot, Cornerstone Chemical Complete $1B Louisiana Plant Project
- Oct 03, 2016
by Evelina Croitoru
New Orleans—Incitec Pivot Ltd., the parent company of Dyno Nobel, alongside Cornerstone Chemical Co. have announced the opening of a $1 billion production plant at the 800-acre Fortier Manufacturing Complex in Waggaman, La.
The production plant’s development project included the combined construction of Dyno Nobel’s $850 million ammonia plant and Cornerstone Chemical’s $175 million investment in upgrades and infrastructure. In order to help secure the project, the state offered a $3 million modernization tax credit and LED FastStart services.
Construction on the plant started in August 2013 and ammonia production has already commenced at the facility. Dyno Nobel estimates construction employment to peak at 1,200 workers with 65 new direct jobs being created by the project. The development of the plant falls in line with Incitec Pivot’s plan to support its U.S. industrial business and external customers.
The plant employs state-of-the-art technology and incorporates control technologies in order to produce the lowest air pollution of any ammonia facility to date.
Image Courtesy of Cornerstone Chemical Co.