Gov. Jindal says a fertilizer project could bring new jobs - KALB-TV News Channel 5 & CBS 2

Gov. Jindal says a fertilizer project could bring new jobs

© MGN Online - Jindal says he has a plan to bring new jobs to La. © MGN Online - Jindal says he has a plan to bring new jobs to La.

 BATON ROUGE, La. (KALB News Channel 5) - On Thursday, Governor Bobby Jindal said a new fertizlizer project could bring new jobs to Louisiana.

According to Jindal, the company  EuroChem CEO Dmitry Strezhnev has committed to build an ammonia and urea production plant. It will reportedly manufacture and distribute fertilizer products in the U.S. and other markets.

The plan is to create around 1,500 new jobs.  These would be both inside plant positions and  management work. The project investment is estimated to be $1.5 billion.

It could take four years to build the plant. Which could also create 2,000 new construction jobs.

Governor Jindal said, "EuroChem's decision to invest in our state is another great example of Louisiana's strong and growing economy. With continued momentum from our vast energy infrastructure, strong business climate and world class workforce, Louisiana is leading the nation and the world in attracting major industrial expansions. As one of the world's largest fertilizer companies, EuroChem recognized that our mix of resources makes Louisiana the best place in the world for business investment. We're proud that world-scale investors like EuroChem are coming to Louisiana from all over the globe, and this project will continue our goal of providing outstanding careers for our people for years to come."

The company was formed as an agrochemical company in 2001. EuroChem was formed as an agrochemical company in 2001.   The company is based in Moscow. EuroChem has developed its facilities to date in Western Europe and Russia and has focused on nitrogen and phosphate fertilizer products.

The Louisiana facility will operate in the nitrogen category and serve as both a manufacturing and distribution center.

"The Americas accounted for approximately a quarter of our sales in 2012 and we expect its contribution to continue to grow," said Strezhnev, the EuroChem CEO. "We therefore see it as a next logical step to establish our production closer to our customers. Louisiana brings together all the right ingredients – from its favorable political and economic environment to the availability of energy, labor, infrastructure and logistics – to fulfill our strategic vision in one of the world's largest agricultural markets."

The state began meeting with EuroChem about a potential Louisiana manufacturing and distribution project in August 2012.

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