Valero’s plan would bring 1500 new jobs
Bigger is better, say company officials
The council’s resolution supports the $1 billion in industrial revenue bonds sought by the company for the expansion.
“In October of 2006 we received approval for a permit from the department of environmental quality, which put the project in motion,” Valero’s Ron Guillory told the Herald-Guide.
“There’s a lot of steps to go through in an expansion of this magnitude.”
Guillory stressed that Valero has not committed to the project to expand the refinery's capacity from 220,000 barrels of crude per day to 380,000 barrels, but the company is lining up permits and financing before making the decision.
"This project will allow our refinery to stay competitive, to stay in business, and to continue our good work in St. Charles Parish," Guillory said.
If approved, the bonds would allow the company to borrow the money at a lower rate than in the normal commercial bond market.
The St. Charles bond request comes shortly after Valero postponed planned expansions of plants in Texas City, Texas, and in Canada, citing high construction costs that stem from a shortage of skilled labor in the refining business. St. Charles Parish President Albert Laque said: “We think the plant expansion is a good idea for our parish.”
St. Charles Parish Hospital introduced Austin Reeder as chief executive officer...
Destrehan High School alumnus Will Sirmon IV appeared to have missed his chance to...
The worker missing after the Phillips 66 pipeline explosion in Paradis last...
As a longtime educator in the St. Charles Parish School system and school board...
After riding in the Krewe of Des Allemands parade, Vernon Higgins decided it was...
Marking its 40th year of revelry in Luling, the Krewe of Lul will roll with 62...
Over 25 Years of Quality Sales, Service and Repairs on YAMAHA, MERCURY, EVINRUDE and JOHNSON Motors.
St. Rose Elementary second-graders learn about banking - 1236 views
Michelle Distefano from Capital One Bank in Destrehan visited with the second graders at St. Rose Elementary as they learned about services banks provide during their economics unit in social studies.