Contact Us
Make My Homepage

NJ-Based BASF Building Plant in Louisiana

BASF is building a formic acid production plant in Ascension Parish that will create 20 new jobs.

Flickr user martinroell

Gov. Bobby Jindal and company executives were at the groundbreaking Tuesday, at the company’s 2,600-acre complex in Geismar, which is home to nearly two dozen chemical plants.

The New Jersey-based company says the new facility is expected to be complete by mid-2014. Formic acid is used in animal feed preservatives, roads and runway de-icing and household and industrial cleaning products.

The new plant is part of a series of expansions at the Ascension Parish site, with new BASF facilities added in 2011 and under construction.

Incentives for the latest project include a $1.7 million Modernization Tax Credit paid over five years, plus tax breaks through the Enterprise Zone and Industrial Tax Exemption programs.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.