St. James wants state to approve to sell bonds for NuStar tank farm
06.21.2010 - NEWS
June 18, 2010 [2theadvocate.com] - The St. James Parish Council agreed to consider a proposal to sell $100 million in state revenue bonds to finance a west bank tank farm expansion project.

NuStar Logistics LP would use money from the bond sale to add 11 more storage tanks to its Mississippi River
terminal near the community of St. James, officials told the Parish Council Wednesday.

The expansion would create about 275 temporary jobs and 14 permanent positions, officials said.

Parish President Dale Hymel Jr. said the parish had gained a 12 percent increase in sales tax revenue based on business transactions at the facility.

“It’s refreshing to know we have an industry creating jobs (and) at the same time creating sales tax revenue that we collect off the construction,” Hymel said.

The state Bond Commission has the authority to approve or deny the bond sale.

The council approved another bond issue in January that would allow the company to add seven tanks to the facility.

Prior to any final vote, the council plans to hold a public hearing during its July 7 meeting on the proposed ordinance authorizing the council to issue the bonds.

ArcelorMittal Poland Plans to Build a Hydrogen Production Plant in Krakow
11.22.2024 - NEWS
November 22, 2024 [Gmk Center]- An investment of more than PLN 100 million will provide hydrogen ... Read More
Clean Hydrogen Works Awards McDermott FEED Contract for Ascension Clean Energy (ACE) Project
11.22.2024 - NEWS
November 22, 2024 [Mcdermott]- Clean Hydrogen Works (CHW) and McDermott announce that CHW has awa... Read More
MOL Group Signed Cooperation Agreement with KazMunayGas
11.22.2024 - NEWS
November 22, 2024 [World Pipelines]- MOL Group and Kazakhstani national oil company KazMunayGas (... Read More
Dialog's 1Q profit grows 14%, driven by midstream tank storage business and big opex drop
11.22.2024 - NEWS
November 22, 2024 [The Edge Malaysia]- Dialog Group Bhd’s net profit in the first quarter e... Read More