Covering Louisiana

Dec 20, 2013 8:09 AM by AP

Axiall considers La. for $3 billion ethane plant

BATON ROUGE, La. (AP) - Axiall Corp. says it's considering building a $3 billion ethane cracker and chemical plant somewhere in Louisiana.

The Atlanta-based chemical manufacturer says it could make a decision sometime early next year. Axiall would invest $1 billion of its own money, while an unnamed partner would put in $2 billion.

The plant could open in 2018, creating 225 permanent jobs.

Axiall says it wants to make more of its own ethane-based chemicals instead of buying them from others.

The company currently has Louisiana plants in Lake Charles and Plaquemines. Axiall was formed earlier this year when Georgia Gulf merged with part of PPG's chemicals business.

If built, the plant would be another in a wave of chemical investments in Louisiana, driven in part by cheap and abundant natural gas.

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