Friday, 10 October 2014 15:04
Louisiana Biz; Helis Oil, Jindal announces 1.2B investment, uninsured claims
 

new-orleans-tourism Business news media releases for the day, Helis Oil and Gas, Jindal and Castleton Commodities $1.2B capital investment, and Louisiana uninsured claims

 

Northshore Business Council Issues Statement in Support of Oil and Gas Industry

The citizens of our Northshore community are engaged in an important public dialogue regarding Helis Oil and Gas’s intention to establish an exploratory well in St. Tammany Parish. The study and consideration of relevant issues by the leadership of the Northshore Business Council is appropriate given the community impact of these activities.

As CEO’s representing 60 businesses and thousands of employees in our Northshore region, we fully understand and appreciate the value that our community’s quality of life has on our region. In fact, there are no greater valued assets in economic development efforts than our great schools, safe streets and the beautiful environment our region enjoys.  We also recognize that a significant segment of our citizens believe that encouraging oil and gas exploration is not only good for our local economy, but also our state and, ultimately, our nation.  We stand firm in the belief that with strong state and local government oversight, we can have both.  

Thousands of jobs in St. Tammany stem from the oil and gas industry and hundreds of millions of dollars flow into our state’s budget. The Northshore Business Council strongly encourages our political and regulatory leadership to keep these economic realities in mind, and to remember that we are a pro oil and gas parish in the heart of a pro oil and gas state. Our membership supports the responsible activities of those industries wholeheartedly.  Safe, responsible exploration is both a regulated right and a community responsibility. Our organization is confident strong state and local oversight can insure the industry meets its responsibility to the community.

$1.2B capital investment

Today, Gov. Bobby Jindal and CEO William C. Reed II of Castleton Commodities International LLC announced the company will make a $1.2 billion capital investment to develop a new methanol manufacturing plant along the Mississippi River in Plaquemines Parish, south of New Orleans. The project will create 50 new direct jobs with an average annual salary of approximately $72,000, plus benefits. In addition, Louisiana Economic Development estimates the project will result in 291 indirect jobs, for a total of more than 340 jobs in the Southeast Region of the state. 

CCI anticipates beginning construction in 2016, with an estimated two-year build-out leading to completion of the methanol manufacturing plant in the Braithwaite area of Plaquemine Parish. During development of the plant, the project will create an estimated 1,000 construction jobs. 

“Greater New Orleans Inc. is pleased to welcome CCI to the region,” said President and CEO Michael Hecht of GNO Inc. “CCI’s decision to invest in a methanol manufacturing facility underscores that Louisiana’s combination of logistics, business climate and focus on international trade make it a top location for industrial projects.” 

Gov. Jindal said, “Having made economic development one of our top priorities in Louisiana, we are proud to see record industrial investment and job creation rise up across our state – from Sasol, Cheniere Energy and Benteler to Dow, Nucor, CF Industries, Cornerstone Chemical and Dyno Nobel. These and similar industrial projects are bringing tens of billions of dollars in new investment to our state, because Louisiana offers a business climate, ports, pipelines, river terminals and a skilled workforce that are second to none in the world. We’re proud that CCI is now joining the impressive list of important global investors who are choosing to invest their capital and create the jobs of the future right here in Louisiana. Generations of Louisiana families will benefit from these historic investments we’re attracting to our state.” 

In Louisiana, CCI will develop the methanol manufacturing plant at the 387-acre former AMAX Nickel site on the east bank of the Mississippi River in north Plaquemines Parish. CCI’s Louisiana plant will produce an estimated 5,000 metric tons of methanol per day, using natural gas as the key feedstock for production. 

“CCI is excited to have our methanol project in Plaquemines Parish, Louisiana,” said Reed, the CCI chief executive. “Louisiana has a great workforce, strong business climate and robust energy infrastructure. The project location situated along the Mississippi River near New Orleans makes the site ideal for use in multiple projects. The proximity to a major waterway, deepwater ports, access to natural gas pipelines, truck and rail – in addition to an efficient and expeditious permitting process offered by Louisiana – were major deciding factors in the selection of Plaquemines Parish for the project.” 

LED began working with CCI on a potential project in September 2013. To secure the project, the State of Louisiana offered the company a competitive incentive package that includes the comprehensive workforce solutions of LED FastStart®, the nation’s No. 1 state workforce development program. CCI also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs. 

“A huge thank you to Governor Bobby Jindal and Secretary of Economic Development Stephen Moret for their efforts to bring this great economic development project to Plaquemines Parish as we continue to rebuild,” Plaquemines Parish President Billy Nungesser said. “This is another exceptional asset for Plaquemines and the entire state of Louisiana.”

Louisiana Workforce unemployment claims

Attached are the latest Unemployment Insurance claims files from the Louisiana Workforce Commission. Initial UI claims for the week ending Oct. 4, 2014, increased to 2,081 from the previous week’s total of 1,887. Continued UI weeks claimed for the week ending Oct. 4, 2014, decreased to 19,214 from the previous week’s total of 19,586.

The total number of people who filed a claim for regular unemployment insurance in Louisiana, and received at least one check during the reference month, decreased to 20,293 in September 2014, down 1,498 from 21,791 in August 2014.

Weekly Claims Data are featured on Louisiana's employment homepage http://www.laworks.net. See attached file UI Claims Web Navigation for directions.


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