2022
ECONOMIC DEVELOPMENT OUTCOMES LOCAL INVESTMENTS, WORLDWIDE IMPACTS - Securing business to invest capital and create jobs. JOBS RETAINED
CAPITAL INVESTMENT
200
$1B
400
$450M JOBS CREATED
150
2022 PROJECT TOTALS
750
$150M
100
$1.6B 100
3 wins: consisted of - $1.6B in one-time capital investment – 100 direct jobs created and over 750 direct skilled jobs retained. The industry make-up of the wins was no surprise and is dominated by petrochemical projects. Oxyvinyl and Chevron will modernize existing facilities to increase production and address any future industry regulations that could impact production. While Kaneka will focus on the production of a biodegradable plastic with limited air emissions for a product that already has a use in the consumer market.
The company expansions are CREATING LIVABLE WAGE JOBS and committing future asset investments that impact our day to day lives. PETROCHEMICALS FORM THE BACKBONE OF OUR MODERN ECONOMY and are found in a wide range of consumer and industrial products, many of which are considered ESSENTIAL FOR DAILY USE. Most individuals associate petrochemicals with plastics, but their potential uses span a much broader spectrum of applications. While PETROCHEMICAL PRODUCTS PRODUCED IN HOUSTON have a global reach, we can break it down to the simple terms of impacting everyday household GOODS THAT SUPPLY HOMES in our region, MEDICAL DEVICES utilized by scenarios in the Texas Medical Center to NASA developing COMPONENTS TO EXPLORE OUTER SPACE. Most of us come into contact with more petrochemical end products than we do any other substance on the planet.
