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Ascension Parish Economic News: 2 Plants To Invest 1 Billion in 2016
More Good News For Ascension Parish: Shell Chemical Expansion of $717,000 Million and Honeywell To Build $300 Million Plant equals over 1 Billion Dollars into 2016.  This could mean more good news for North Ascension Parish (or County) housing market.  
There are currently 33 new residential developments under construction to meet the demand of buyers, making it feel like 2005 after Hurricane Katrina all over again.  PLUS, Greater Baton Rouge was ranked in the Top 10 Hottest Housing Markets of 2016 nationally. 

There’s been more than a dozen good economic news reports for Ascension Parish in 2015 and here’s the second for 2016: per WBRZ News, Honeywell to build new $300,000,000 plant in Geismar Louisiana. The first good news for 2016 was “Shell Chemical to spend $717 million to expand Geismar plant” per WBRZ News report and video


Per WBRZ News, “
"Honeywell will build a new auto-refrigerant plant in Geismar.

The plant is part of $300 million the company is investing to increase production of a new refrigerant for automobiles. The company says the new product's global-warming potential is 99.9 percent lower than that of the current refrigerant in use, and even lower than carbon dioxide. "The technology is going to be reducing greenhouse gases ... more

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