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Energy / Petrochemicals / Plastics

The power to prosper.

Roughly 88 percent of the nation’s offshore oil rigs are located off Louisiana’s coast, and the state is the number one producer of crude oil, and the number two producer of natural gas, in the nation. The Greater New Orleans Region is the state’s energy hub, home to a number of growing refineries and petrochemical plants with planned expansions over the next 2-3 years totaling $6.4 billion.

Take a close look at the Greater New Orleans Region.

The region will continue to excel in the production of oil and natural gas, and the conversion of these crude products into usable petrochemicals, fuels and plastics. The industry benefits from the region’s complementary industries of trade, logistics, distribution and advanced manufacturing, which provide a large base for common suppliers and opportunities for workforce training. That, combined with our strategic location, unparalleled infrastructure, top-notch workforce and unprecedented incentives, gives you the power to prosper.

“The region will continue to excel in the production of oil and natural gas, and the conversion of these crude products into usable petrochemicals, fuels and plastics.”

Relevant Entities

Multiple Refineries

The Greater New Orleans Region is home to six refineries. The state of Louisiana can refine more than 2.9 million barrels of gasoline per day, which is the second largest capacity in the U.S.

Offshore Production

The vast majority of U.S. offshore oil rigs (88 percent) are located in Louisiana’s Outer Continental Shelf.

Clean Power and Energy Research Consortium (CPERC)

A consortium of five Louisiana research universities, the CPERC develops world-class technologies that permit greater efficiencies, greater reliability, lower emissions and lower power costs.

Key Incentives

Federal, state and local incentives available to the energy, petrochemical and plastics industry in the Greater New Orleans Region comprise one of the most aggressive, and potentially lucrative, financial packages in the nation.

• The Gulf Opportunity Zone (GO Zone) federal tax incentives offer a competitive advantage for the relocation or expansion of large manufacturing facilities in the region
• The state equalizes the overall taxes between a Louisiana site and a competing site in another state if your energy, petrochemicals and plastics company is planning an expansion
• Lucrative job-based incentives also mean bottom line savings

“The incentives currently available to Louisiana businesses are nothing short of remarkable.”

Multimodal Transportation

The energy, petrochemicals and plastics industry in the Greater New Orleans Region benefits from a complex transportation infrastructure providing easy access to the rest of the world. The region contains:

• The largest port complex in the world
• Major highway systems
• An international airport
• All six Class 1 railroads operating in North America

“We’ve been operating in this region for X years, and our expectations are consistently exceeded by the area’s workforce.” – business owner

Education / Workforce

The Greater New Orleans Region is home to a talented and dedicated energy, petrochemicals and plastics workforce, and the region offers ample education and training opportunities. The industry is assured a talented workforce now and in the future.

• The region’s colleges and universities offer specific degrees for this industry.
• The region has many cross-trained employees.
• The state has developed a two-year associate’s degree in Petroleum Technology, also known as PTEC, with significant industry support and input.
• The region has lower wage and property tax rates than competing regions in Texas and elsewhere in Louisiana.

Corporate Presence

Chalmette Refining LLC
Chevron Corporation (Gulf Operations)
Chevron Oronite Company LLC
ConocoPhillips Company – Alliance Refinery
Cytec Industries Inc.
Dupont
Energy Partners Limited
ENI SpA
Exxon Mobil Corporation
Hornbeck Offshore Services
Marathon Petroleum Company LLC
McMoRan Exploration Company
Mosaic Fertilizer LLC
Motiva Enterprises LLC
Murphy Oil Refinery
Pinnacle Polymers
Shell Offshore Services Company
Taylor Energy Company LLC
Tidewater Inc.
Valero Energy Corporation

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Energy / Petrochemicals / Plastics Industry Analysis