Plaquemines Port Harbor & Terminal District’s value to greater Plaquemines Parish has been a hot topic at recent political debates and parish council meetings. So, an update last week on the potential $19 billion in investments the Port is pursuing was right on time.
PPHTD Executive Director Sandy Sanders was the featured speaker for the Plaquemines Association of Business & Industry’s Oct. 30 luncheon in Belle Chasse. Rather than fill 40 minutes by himself, Sanders set the stage before passing the mic to attending representatives from the various businesses which have announced their intention to build facilities along the Mississippi River in Plaquemines.
Each executive to speak offered updates and details on their respective developments, but a slide at the end of the presentation spoke loudest. The slide listed the potential overall value of each investment, the number of construction workers each is expected to require and the number of permanent jobs each intends to fill. There’s no guarantee each project will unfold according to plan, but if everything does go through, the parish could collect more than $160 million annually in taxes from the new businesses.
The graph broke down like this: Venture Global will invest approximately $8.5 billion in its Westbank liquefied natural gas facility, which will require 1,500 construction workers and will hire 300 permanent employees. IGP will invest approximately $3.6 billion in its Westbank methanol plant, which will require 900 construction workers and will hire 325 permanent employees. Pointe LNG, will invest approximately $3.3 billion in its Eastbank liquefied natural gas facility, which will require 1,500 construction workers and will hire 300 permanent employees. The Plaquemines Liquids Terminal will invest approximately $2.5 billion in its Westbank oil and gas storage and shipping facility, which will require 1,250 construction jobs and will hire 35 permanent employees. Castleton Commodities Incorporated (CCI) will invest approximately $1.2 billion in its methanol plant on the Eastbank, which will require more than 2,000 construction workers and hire 300 permanent employees.