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News Breaks
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November 19, 2009
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| 18:17 EDT |  | IPSU |
| theflyonthewall.com: | Imperial Sugar announces begining construction of Louisiana sugar refinery | | Imperial Sugar Company announced the successful closing of a $100M tax-exempt bond offering to finance the new construction of the largest sugar refinery in the United States, creating about 500 construction jobs and 145 permanent jobs in the New Orleans-Baton Rouge area. The refinery will be built adjacent to Imperial's existing Gramercy facility in the Gulf Opportunity Zone, under a federally-backed and state-run program designed to help the region recover from Hurricanes Katrina and Rita. The refinery is expected to cost $120M. Imperial, SUGAR, and Cargill will each contribute $30M to fund construction of the refinery and for operations. The three will equally own the refinery. :theflyonthewall.com |
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