Lithuania-based Investimus Foris will make a $265 million capital investment to convert an idle biofuels refinery in Grant Parish, LA into an ammonia manufacturing facility. The project will create 85 new direct jobs at an average annual salary of $55,000, plus benefits.
Louisiana Economic Development estimates the project will result in an additional 584 new indirect jobs for Grant Parish and the Central Louisiana region, for a total of more than 650 new jobs in the state. The company expects the project to generate 560 construction jobs.
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