Lake Charles Methanol II Makes Major Investment in Right to Work Louisiana

Lake Charles Methanol II is investing $3.24 billion in order to establish operations in Right to Work Port of Lake Charles, Louisiana. As a result, they will create 123 new jobs. So this is an incredible economic development!

From Area Development Magazine:

“The project will deliver substantial tangible economic benefits to local communities while providing an environmentally beneficial blue methanol product to facilitate the transition to low-carbon chemicals and fuels. […] With the strong support of state and local officials and the local community, we believe that Lake Charles is a fantastic location for this project and we look forward to working with all stakeholders to bring it to fruition.” […]

“I have said from day one that Louisiana must not only attract new businesses but help existing businesses like Lake Charles Methanol grow and thrive. […] This expansion would bring billions of dollars, hundreds of permanent high-paying new jobs and thousands of construction jobs, providing a tremendous boost to the economy of the Southwest Region. The state looks forward to continuing to support LCM’s efforts to bring the project to completion.” […]

“The Lake Charles Methanol II plant is a welcome addition to our regional industrial base and the numerous jobs it will create will be another boon for southwest Louisiana’s skilled workforce. […] It is projects like this that also highlight the hard work and perseverance of the leadership of the Port of Lake Charles. We are honored to work with the port and similar regional players to bring projects like this to our region.”

AREA DEVELOPMENT MAGAZINE

To read the previous economic update on Right to Work states, click here.