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.”
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
Destrehan coach Stephen Robicheaux said his Wildcats’ performance against Barbe...
While many of the teams remaining in the prep football postseason will be adjusting...
Under the great oaks of Destrehan Plantation, Mary Alice Smith and her husband,...
Hahnville quarterback Mike Neal scrambled, desperately buying time as the halftime...
The pit bull thrown from I-310 into the swamp beneath in early October has found a...
It has been a hard wait for Jolene Dufrene, but she welcomed the news that the New...
Bent's RV is a Full Service RV Dealership in Louisiana.
N.O. man found shot to death in Hahnville - 4866 views
A New Orleans man has been reported dead from an apparent gunshot wound to the head at 6:46 p.m. (Nov. 19) in Hahnville.