18 March 2013 19:57 [Source: ICIS news]
HOUSTON (ICIS)--A Belgian logistics firm plans to build a $150m (€116m) petrochemical storage and processing complex in Baton Rouge, Louisiana, the company said on Monday.
Katoen Natie's 2m square foot facility (190,000 square metres) near the ExxonMobil plant there will process and store chemical products when completed in 2018.
The first phase, which will include 600,000 square feet of storage space and rail lines, is expected to be finished by the end of the year, the company said.
The project will employ about 200 people in the Baton Rouge area, state and company officials said at a news conference.
Baton Rouge was chosen for its access to two rail networks, the Kansas City Southern Railway and the Canadian National Railroad, said Frank Vingerhoets, Katoen Natie's president of petrochemicals in North America.
Vingerhoets said the natural gas boom in the Gulf coast region also was a factor.
Katoen Natie is a privately held logistics, engineering and storage firm based in Antwerp, Belgium.
($1 = €0.77)
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