News / Article

State tax breaks flow to firms building chemical plants overseas, then shipping them to Louisiana

Source: nola.com - Dec 9, 2019

Twice during the last decade, chemical giant Methanex has disassembled a massive methanol plant located at the southern tip of Chile and moved it to Louisiana.

Each time, pieces of the facility weighing up to 1,500 tons — the equivalent of eight single-story houses — were loaded onto barges, which were then parked on top of a huge ship designed to carry offshore drilling platforms.

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Category: General Business