Laserfiche WebLink
Economic Development Services Report to City of La Porte <br />2014 - 2015 Services <br /> <br />meaningful discussions about these important issues. From that perspective, this conference was a <br /> <br />c expansion going strong will require reasonable, <br />sensible regulations and a well-trained workforce. <br /> <br /> <br /> <br />In the past 18 months, petrochemical companies have announced more than $40 billion in capital <br />investment. Major expansions are now underway or about to begin at Chevron Phillips Chemical <br />Cedar Bayou, LyondellBasell, Enterprise Products, and Dow Chemical of Freeport. These projects <br />alone are expected to create 30,000 construction jobs and more than a thousand permanent jobs. <br /> <br />Port of Houston Authority (PHA) Chairman Janiece Longoria told the audience that PHA was <br />expanding its capacity to service rapidly increasing tonnage and vessels moving through the Houston <br />Ship Channel. <br />To service larger ships, PHA is increasing the operating depth of the channel from 40 to 45 feet at <br />two container terminals, and is widening or realigning channels by up to a hundred feet. <br /> <br /> <br /> <br />Already tonnage moving through the channel has increased five percent from last year, and is on a <br />record-setting pace for 2014. PHA is spending $325 million in maintenance this year, and plans to <br />spend $700 million over the next at its Barbours Cut Container Terminal, and $1 billion over the <br />same decade to expand its Bayport Container Terminal. Industries that move raw materials to the <br />Presented by: Economic Alliance Houston Port Region Page 17 of 22 <br /> <br />