Investimus Foris, a Lithuania-based conglomerate, said Wednesday it will invest $265 million to convert an idle biofuels plant in Grant Parish into an ammonia manufacturing facility.
Louisiana Economic Development officials said the project will create 85 direct jobs, with an average annual salary of $55,000, plus benefits. The work will support 560 construction jobs and create an estimated 584 indirect jobs in central Louisiana.
Investimus Foris is buying the former Vanguard Synfuels refinery in Pollock as the site for its new facility. The company also is negotiating with European and Asian companies to purchase and move ammonia plant components that will be added to the existing plant infrastructure. The facility, which opened in 1977, operated as an ammonia plant until 2001, when it shut down because of high natural gas prices.
The plant will produce 500,000 tons of ammonia per year for use in agricultural products. Most of it will be shipped by pipeline to destinations in the northern U.S. Construction is expected to start in the second quarter of 2016 and is scheduled to be completed in the third quarter of 2018.
LED began discussing a potential project with Investimus Foris in April 2014. To secure the project, the state offered an incentive package that includes the state’s FastStart job training program.
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