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.”
All of the ongoing renovations and upgrades to Rathborne Park aren’t quite...
The St. Charles Parish Council cleared the way for a Southeastern Freight Lines...
Recognized as an educator who inspires students toward conservation and the...
Destrehan basketball star Cara Ursin has left a tough act to follow, that much is...
Katie Beuttner has always loved the water....
Rodney Naquin Jr. was sentenced to 29 years in prison after he pleaded guilty to a...
Bent's RV is a Full Service RV Dealership in Louisiana.
Mother of key witness in FBI investigation files suit against former St. Charles DA - 988 views
Still serving a three-year prison term after pleading guilty to obstructing an FBI investigation into allegedly trading sex for leniency, former St. Charles Parish District Attorney Harry Morel Jr. now faces a civil lawsuit by the mother of a key witness in the case against him.