Thousands of new jobs in construction and operation expected
A predicted boom in constuction of new processing and shipping plants to serve Louisiana’s burgeoning oil and natural gas industry is coming. Nearly $115-billion in new projects are ready to move from drawing boards to breaking ground.
Eric Smith, Associate Director of the Tulane Energy Institute, says “There’s a long term positive market outlook for the use of LNG worldwide and 100-percent of it will be exported. And it plays right into the Louisiana strengths. We have lots of sites with deepwater access.”
Smith says the boom will likely start in Lake Charles with expanded facilities for shipping LNG. With LNG replacing coal as the predominent fuel for electrical generation, America’s commanding position as an LNG exporter bodes well for Louisiana.
Closer to home is the petrochemical processing zone along the Mississippi River in St. James Parish. “We are approving plants to be built on the Mississippi,” Smith says. Those plants are aimed at converting natural gas into methanol, the major chemical building blocks for the production of plastics in the Far East.
“Shipping [methanol] to China, where it’s converted to olefins over there,” Smith says. “That’s one of the reasons the Chinese and the Taiwanese are such enthusiastic investors [in Louisiana] they need that supply of methanol for their own processes.”
Construction of these plants will mean jobs for skilled crafts-persons to build these multi-billion dollar facilities. “There’s lots of good news on the construction front and once you get these plants up it doesn’t take a lot of people to run them. But the people who do run them will make salaries in the hundred thousand dollar-a-year range.”
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