LAKE PROVIDENCE, La., Dec. 28, 2010 /PRNewswire/ -- Today, Gov. Bobby Jindal joined Myriant Technologies LLC Chairman and CEO Stephen Gatto and Port of Lake Providence Director Wyly Gilfoil to announce Myriant Technologies, through its wholly-owned subsidiary Myriant Lake Providence Inc., will soon begin building a new 392,000-square-foot plant at the Port of Lake Providence that will be the world's largest bio-based succinic acid plant.
The project will create 176 new direct and indirect jobs in the area and represent a capital investment of approximately $80 million. This total includes 49 new direct jobs at an average annual salary of nearly $40,000 plus benefits, and an estimated 127 new indirect jobs. Additionally, the 18-month core construction period is scheduled to begin in early 2011, and will require at least 250 construction workers.
"Our commitment to making Louisiana the best place in the world for businesses to invest and succeed continues to create more opportunities for our workers to pursue their dreams right here at home," said Gov. Jindal. "Myriant's new, sustainable specialty chemical manufacturing plant is great news for Lake Providence and for Northeast Louisiana. Not only does this project create nearly 200 new jobs for the people of Northeast Louisiana, it also is a beacon to innovators everywhere by using cutting-edge technology to help reduce our dependence on foreign imported oil. This type of alternative energy manufacturing venture is one of our top target growth industries that helps to diversify the economy of our state, attract more businesses, and create more jobs. Our state's great low-cost manufacturing environment, well-established transportation and logistics networks, and skilled workforce trained in specialty chemicals provide several competitive advantages for companies like Myriant."
"This project puts Louisiana at the f
|SOURCE Myriant Technologies LLC|
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