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$150 million investment announced at Krotz Springs refinery

Posted at 6:05 PM, May 23, 2019
and last updated 2019-05-23 19:11:38-04

More than $150 million will be invested at the Delek US refinery in Krotz Springs.

Governor Edwards and the company’s president making the announcement this morning.

Delek US will create 30 new direct jobs with an average salary of $90,000 plus benefits.

“These are really good jobs, these are quality jobs that we really go after and we celebrate when we get them,” said Governor John Bel Edwards.

Delek manufactures gas, diesel, fuel, petrochemicals and other products with a capacity of 74-thousand barrels per day.

In 2018, Governor Edwards went on an economic development mission to Israel and met with Delek’s president. Energy was one of the industries targeted by the Governor during his trip.

“They’re investing here because they know they can be successful,” the Governor said. “The business climate is good, the regulatory climate is good, but most importantly, we have the dedicated, educated, skilled workers they need.”

This is the third economic development announcement to result from Edward’s trade mission to Israel. The Governor says Louisiana has a lot of momentum.

“Louisiana is enjoying its lowest unemployment on record, the highest GDP ever and the largest personal income in the history of our state right now,” said Edwards.

Delek’s investment in Krotz Springs will be spread out over the next five years.

“This is not only good for the refinery, it’s good for the community and it will touch many livelyhoods of the people in the community and the state,” said Chyau Lin, Delek US Vice President and General Manager.

In addition to the 30 direct jobs Delek US will create here in Krotz Springs, Louisiana Economic Development estimates 48 new indirect jobs will be created in St. Landry Parish and the Acadiana region.