Mitsubishi Chemical Looks at Right to Work Louisiana for $1 Billion Investment
Mitsubishi Chemical Corp is a company based in Tokyo. Now, they are considering Geismar, Louisiana as the location for a new methyl methacrylate production facility. They plan to invest over $1 billion toward the project, which will also help boost the area’s economy. We should have answers from the company about their exact plans by mid-2022, but this is a great start. This will also mean many new jobs for locals in the future.
From Area Development Magazine:
“Geismar is one of the most advanced chemical manufacturing communities in the world. […] As we continue to enhance our world-class infrastructure in Louisiana, we are attracting world-scale production facilities like the one proposed by Mitsubishi Chemical. We look forward to working with MCC to attract this permanent investment and the accompanying quality jobs to our state.” […]
“The Capital Region, and particularly Ascension Parish, continue to be a magnet for petrochemical investment. […] The economic impact of a more than $1 billion direct capital investment and the creation of 125 jobs cannot be overstated.
“This project would have a multiplier impact on our region and would be the largest MMA plant in the world. BRAC and our partners in Ascension Parish look forward to supporting Mitsubishi Chemical and welcoming their team to the Baton Rouge area.”
To read more updates on Right to Work states, click here.