Austrian steelmaker announces $700M plant at Port Corpus Christi
PORTLAND — Austria’s largest steel-maker has settled on the Port of Corpus Christi as the site of a new $700 million iron ore processing facility fired by natural gas.
The region bested 17 other locations in eight countries in competition for Voestalpine’s plant, the biggest direct investment in its 75-year history, company officials said Wednesday.
It chose the San Patricio County site for its access to cheap shale gas, a deepwater port, local political support, and Texas’ “different approach” to carbon emissions standards, company officials said.
Texas leads the nation in carbon dioxide emissions and has been fighting stricter greenhouse gas standards imposed by the U.S. Environmental Protection Agency.
More at http://www.caller.com/news/2013/mar/13/700m-iron-processing-plant-will-anchor-la-quinta-p/ .
[font color=green]The plant is supposed to bring about 150 permanent jobs.[/font]