Natural gas from shale formations continues to have a positive impact on the economy and provide manufacturers with an affordable and reliable supply of energy. Shale gas continues to influence manufacturers’ decisions to expand operations in the United States.
For example, on November 1st, CF Industries announced the expansion of their manufacturing facilities in Donaldsonville, Louisiana and Port Neal, Iowa. CF Industries is a global leader in the manufacturing and distribution of nitrogen and phosphate products, serving both agricultural and industrial customers. They plan to spend $3.8 billion on two projects which will create hundreds of new jobs to both states.
CF Industries will invest $2.1 billion at their Donaldsonville facility, which is expected to create 93 direct jobs and approximately 700 indirect jobs. They will invest another $1.7 billion at the Port Neal facility, which is estimated to create 100 direct jobs and approximately 700 indirect jobs. The direct jobs will be at an average starting annual salary of $55,000, increasing to $85,000 per year when employees become fully certified. The company expects that as many as 3,400 construction jobs will be filled as these projects progress. These projects will create about 200 direct jobs, 1,400 indirect jobs and thousands of construction jobs. (continue reading…)