Energy/Petrochemicals

Louisiana is the number one producer of crude oil in the nation - as well as the number two producer of natural gas. Roughly 88 percent of the nation's offshore oil rigs are located off Louisiana's coast. 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 closer look at the Greater New Orleans Region. The industry is complemented by the region's strengths in 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.

Relevant Entities

Energy

"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." - Tommy Faucheux, Dow Chemical

Enhanced Oil Recovery

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.

A Leader in Natural Gas

20 percent of all domestic natural gas production comes from Louisiana's coast and the state has a natural gas processing capacity of 18.5 billion cubic feet per day. With 15 natural gas storage facilities, Louisiana boasts one of the highest natural gas storage capacities in the nation. The state is also home to the Henry Hub, a strategic connection of nine interstate and four intrastate natural gas pipelines, and the delivery point for natural gas futures contracts on the New York Mercantile Exchange.

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 incentives currently available to Louisiana businesses are nothing short of remarkable." - Brent Wood, Chevron

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; and
  • More than 25,000 miles of pipeline moving natural gas, crude and refined product.

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 sure to find a talented workforce now and in the future.

  • Louisiana ranks fourth in total oil and gas employment in the U.S.
  • Louisiana ranks third in total refinery employment in the U.S.
  • 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.

Political Support

Louisiana's leaders understand the importance of the energy, petrochemicals, and plastics industry to their state. Governor Bobby Jindal sponsored the Deep Ocean Energy Resources Act, which eliminated the moratorium on offshore oil and gas drilling over the outer continental shelf. Senators Mary Landrieu and David Vitter supported the Domenici-Landrieu Gulf of Mexico Energy Security Act, which opened substantial new areas to oil and natural gas drilling in the Gulf of Mexico. The bill also secured a fair share of offshore oil and gas revenues for Louisiana, and is expected to provide the state with billions of additional dollars over several decades for coastal restoration and hurricane protection projects.

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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