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Chemical sector supports nearly $80 billion in sales in Louisiana, industry study says

Source: - May 10, 2018

Louisiana’s chemical industry accounts for $79.7 billion in sales and $15.7 billion in household earnings in the state, according to a new industry-backed study.

The report, conducted by economist Loren Scott for the Louisiana Chemical Association, also found the chemical industry supported two of every seven jobs in Louisiana. The figures include the sector’s direct and indirect impact.

“Our expectations are that the benefits shown above are very likely to grow in the future,” the report said. “Very low natural gas prices are not only reducing operating costs substantially for these plants, but also low natural gas prices are enabling the industry to gain market share away from European firms.”


Category: General Business