Nucor Receives Air Quality Permit for Direct Reduced Iron Making Facility in St. James Parish

Nucor Corporation (NYSE: NUE) announced today that the Louisiana Department of Environmental Quality has issued an air quality permit for its direct reduced iron making facility that will be located in St. James Parish.

Issuance of the air permit will allow the company to begin the process of ordering equipment and commencing construction immediately. The permit allows for the construction and operation of two plants with a combined annual direct reduced iron (DRI) production of 5,500,000 tons. Initially, Nucor will build one DRI plant with plans to expand to a second facility.

"We are very excited that we will be able to begin moving forward with the construction of this facility. Our nation's economy needs capital investment projects like this that stimulate job growth and contribute to a sustainable economic recovery," said Nucor Chairman and CEO Daniel R. DiMicco. "We would like to thank Governor Bobby Jindal, Economic Development Secretary Stephen Moret, local officials and members of the St. James Parish community for their support of this project."

Direct reduction technology converts natural gas and iron ore pellets into high quality direct reduced iron used by Nucor's steel mills, along with recycled scrap, to produce numerous high quality steel products such as sheet, plate and special bar quality steel. The DRI facility is the first phase of a multi-phase plan that may include a coke plant, blast furnace, pellet plant and steel mill.

The project will create a substantial number of quality jobs. The project's first phase will create 150 permanent Nucor jobs that earn an average annual salary of $75,000, plus benefits; approximately twice the median household income for that part of Louisiana. During peak construction, 500 jobs will be directly created. If the additional phases of the project are constructed, over time Nucor could have a total investment of over $3 billion and increase permanent employment to more than 1,000. To date the company has invested over $50 million to acquire nearly 4,000 acres of property on the Mississippi River for the facility.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Nucor. (2019, February 09). Nucor Receives Air Quality Permit for Direct Reduced Iron Making Facility in St. James Parish. AZoM. Retrieved on July 12, 2024 from https://www.azom.com/news.aspx?newsID=27387.

  • MLA

    Nucor. "Nucor Receives Air Quality Permit for Direct Reduced Iron Making Facility in St. James Parish". AZoM. 12 July 2024. <https://www.azom.com/news.aspx?newsID=27387>.

  • Chicago

    Nucor. "Nucor Receives Air Quality Permit for Direct Reduced Iron Making Facility in St. James Parish". AZoM. https://www.azom.com/news.aspx?newsID=27387. (accessed July 12, 2024).

  • Harvard

    Nucor. 2019. Nucor Receives Air Quality Permit for Direct Reduced Iron Making Facility in St. James Parish. AZoM, viewed 12 July 2024, https://www.azom.com/news.aspx?newsID=27387.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.