Houston-based Lacassine Operating Co. plans to build a $12.5 million catalyst blending plant in Lacassine, east of Lake Charles where it can serve refineries across south Louisiana and into Texas.
Van Eversull, CEO of Lacassine Operating Co., noted Tuesday that the location had "unique logistical advantages." The site in the Lacassine Industrial Park's rail terminal sits halfway between Houston and New Orleans along Interstate 10.
Catalyst blending refers to a chemical process used for oil refinery customers. Some clients of the new plant are expected to be ExxonMobil in Baton Rouge, Citgo's facility in Lake Charles, Phillips 66's plant in Westlake, in addition to Motiva and Total refineries in Port Arthur, Texas, according to a news release.
Lacassine Operating Co., a partner company of Equilibrium Catalyst, is expected to create 40 new jobs with an average salary of $45,760 in addition to benefits, Louisiana Economic Development said Tuesday.
Founded in 1992 in New Orleans and based in Houston, Equilibrium Catalyst is a major provider of catalyst-related services in the fluid catalytic cracking category. Company facilities blend and process material for use by both domestic and international oil refineries.
Lacassine Operating Co. is expected to be the anchor tenant of the Lacassine Industrial Park's rail terminal, according to Rail Logix's website. Rail Logix began operating the logistics terminal October.
"Equilibrium Catalyst has served Louisiana oil refineries for many years, and we welcome the arrival of its affiliated company here with this catalyst blending plant,” Gov. John Bel Edwards said.
Lacassine Operating Co. is expected to use the state's workforce training, quality jobs incentives and industrial tax exemption programs.
Rail Logix has installed 500 railcar storage spots to date at the Lacassine Industrial Park, with plans to expand to more than 2,300 railcar storage spots. The rail facilities serve an industrial park of 400 acres available for lease or purchase.
Acadiana Business Today: $12.5M catalyst blending plant, jobs planned in Lacassine serving major south Louisiana refineries; Zorbas Gyros, Burgers and More to open Youngsville location in August
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