Cargill Inc., cane-marketing cooperative Sugar Growers & Refiners Inc. and Imperial Sugar are building a state-of-the-art refinery on the campus of Cargill’s Terre Haute Marine Facility in Reserve. The venture is being touted as the largest sugar refinery in the nation.
Nine mills will provide their entire raw sugar production, about 800,000 tons per year, to the new refinery. Cargill will market and distribute the refined sugar products to food and beverage customers.
Commercial production at the facility is expected to begin in early 2010 and employ about 120 fulltime workers.
St. James Parish gave Cargill-SUGAR-Imperial approval and support for Gulf Opportunity (GO) Zone Bonds financing last month, according to the Wall Street Journal.
GO-Zone bonds are low-interest, tax-exempt loans that Louisiana, Mississippi and Alabama can use for reconstruction projects. They were authorized by President Bush in December 2005 after Katrina struck the three states. Louisiana was allocated more than half of the nearly $15 billion in GO-Zone money.
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