Louisiana Court Strikes Blow To Formosa’s Giant Plastics Plant
Louisiana - A years-long battle to stop the chemical company Formosa from building a massive petrochemical complex along the Mississippi River in southern Louisiana swung in favor of residents on Wednesday when a state district judge withdrew the air permits that the company needs to operate.
The Taiwan-based chemical giant first announced its plans to build the $9.4 billion petrochemical complex on a sprawling 2,400-acre site in St. James Parish in April 2018. If approved, the so-called “Sunshine Project” would have been one of the largest and most expensive industrial projects in the state’s history. Governor John Bel Edwards, a Democrat, celebrated it as a boon for economic development that would bring 1,200 new jobs to the region.
But the project encountered swift opposition from the local community.