rd<\/sup> North-American plant is expected to finish by mid-2014 and create 20 new permanent jobs as well as an additional 250 construction jobs.<\/p>\n“BASF is one of the largest economic drivers in our state, and projects with the company have yielded over $300 million in new capital investment and over 400 new jobs for Louisianans since 2009,\u201d declared Bobby Jindal, according to a press release. \u201cBASF could have invested in other states, but they are choosing to expand right here in Louisiana because we have a great business climate, a strong transportation infrastructure and the best workers in the world.”<\/p>\n
The unique North America facility will produce an estimated 50,000 tons of formic acid annually for markets in the Americas. The product is utilized as an eco-friendly solution for applications such as roads and runway de-icing, pharmaceutical and other chemical intermediates, household and industrial cleaning and many more. \u00a0“This new plant further strengthens our position as a leading supplier of chemistry for sustainable solutions\u201d, observed BASF’s Senior Vice President and General Manager of the Geismar site Tom Yura. BASF Corp. is the North American affiliate of BASF SE of Ludwighaven, Germany,<\/p>\n
Yura added: “This investment also demonstrates our commitment to the future growth of this site and our employees in Geismar.” The project was aided by a Modernization Tax Credit from the Louisiana Economic Development. The investor will most likely make use of Louisiana\u2019s Enterprise Zone and Industrial Tax Exemption program as well.<\/p>\n
In other news, the Baton Rouge\u2019s very own \u201cOne Stop Shop\u201d Public Works and Planning Center has opened at 1100 Laurel Street, consolidating City-Parish services such as the Planning Commission, DPW Divisions and Business Services into one building.<\/p>\n
The 150-employee City-Parish services hub moved into the renovated former Baton Rouge Junior High School. Constructed in the early 1920s and redeveloped into a city courthouse in the \u201860s, the building had, however, fallen into disrepair over the years. It recently underwent a major renovation, including efficiency upgrades worth $1.7 million, making it the first LEED-certified municipal building in East Baton Rouge Parish.<\/p>\n
Photo credit: BASF North America\u2019s Facebook page<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Florham Park, N. J.-based BSF Corp. has broken ground on the Geismar formic acid plant, in its third largest investment in the past two years.<\/p>\n","protected":false},"author":49,"featured_media":1004506522,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004050063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\n
BSF Develops $138M Industrial Plant in Louisiana - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bsf-develops-138m-industrial-plant-in-louisiana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BSF Develops $138M Industrial Plant in Louisiana\" \/>\n<meta property=\"og:description\" content=\"Florham Park, N. 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Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. 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<\/a>According to wwltv.com<\/em>, the investment totals $138 million.<\/p>\n