To secure the project, the State of Louisiana offered a competitive incentive package that would include a $12 million performance-based grant to offset infrastructure costs.
Formosa Petrochemical Corp is studying the feasibility of setting up an estimated $9.4 billion industrial complex to be built in two phases producing#
Formosa also would receive the services of the nation's No. 1 state workforce development program, LED FastStart, and is expected to utilise Louisiana's Quality Jobs and Industrial Tax Exemption programs.
Should Formosa make a final investment decision to proceed with the project, Formosa would move forward with construction and development of the initial phase beginning in 2016. (AR)
ALCHEMPro News Desk – India
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