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Hydrocarbons and Petrochemicals Make Up 70% of $46 Billion Louisiana Industrial Projects

petroleum_refining

Industry Segment: Petroleum Refining | Word Count: 449 Words
Attachment: IIR Chart - Active Projects in Louisiana

SUGAR LAND--September 29, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--With its base of hydrocarbon and petrochemical production, Louisiana packs economic punch and is currently enjoying more than 500 active industrial projects totaling $46 billion. Good economic news has been hard to come by recently as a number of big-name manufacturing plants have announced closures in Louisiana, including General Motors in Shreveport and Northrop Grumman's shipyard in Avondale. However, it's not all gloom and doom, as the backbone of the state's economy, the hydrocarbon and petrochemical industry, continues to supply the state with much-needed jobs. About 70% of the state's major industrial projects involve hydrocarbon or petrochemical production, including $14 billion for Oil & Gas Production, $4 billion for Chemical Processing, and $3 billion for Petroleum Refining.

Companies featured: Energy Transfer Partners LP (NYSE:ETP), Imperial Sugar Company (NASDAQ:IPSU)


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