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Lake Charles: Two New Industrial Facilities to be Located on Port Property

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Port of Lake Charles Commissioners on Jan. 24 approved an option for a long-term lease agreement on 200 acres with G2X Energy, a Houston-based company that plans to build a $1.3 billion natural gas-to-gasoline facility on port property located on the Industrial Canal. The G2X Energy project is expected to create 243 new direct jobs, resulting in an estimated 748 new indirect jobs. According to the company, the direct jobs will pay an average salary of $66,500 plus benefits.

“The Port of Lake Charles property was chosen for the new energy project due to its refined logistics, transportation infrastructure and cooperative assistance, as well as the state’s business climate,” said Port Director Bill Rase. “The product can be distributed by pipeline to U.S. markets and by ship to foreign markets.”

Helping to secure the project, Louisiana Economic Development offered a $5-million performance-based grant for infrastructure improvements at the port, including an access road, utilities and a dock facility.

Should groundbreaking begin in mid-2014, G2X expects construction to span three years, leading to an estimated completion date in mid-2017.

G2X is the latest in a series of planned Lake Charles industrial sitings announced for the the port over the past year. The others include Ameristar, Lake Charles Clean Energy and Sasol. The port estimates the new projects together will create 15,000 to 20,000 construction jobs, 14, 000 permanent direct and indirect jobs and represent capital investment of as much as $25.3 billion.

And there’s more to come. On the same day the port exercised the G2X lease option, Magnolia LNG announced plans for a $2.2 billion natural liquefaction production and export facility that would create 45 new permanent jobs and an estimated 1,000 construction jobs. The “mid-scale” LNG complex, to be located on 90 acres at the port’s Industrial Canal, would produce 4.0 million metric tons of liquefied natural gas per year. Construction would begin in 2015, pending the company’s attainment of permits and final financing.
 

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