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Louisiana Parish Approves Formosa's $9.4 Billion Chemical Complex

The Advocate, October 31, 2018

The $9.4 billion Formosa chemical complex proposed on the west bank of St. James Parish cleared a key hurdle Tuesday night as the Parish Planning Commission backed the Taiwanese project promising hundreds of millions in tax revenue and thousands of jobs. The commission voted 7-2 to accept Formosa's plans for FG LA LLC's Sunshine Project, which is proposed along the Mississippi River only a few miles south of the Sunshine Bridge and a bit more than a mile north of the St. James and Welcome communities. The Formosa complex is expected to generate 1,200 permanent full-time jobs and more than 8,000 temporary construction jobs over the project's 12-year building schedule. 

 

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