BATON ROUGE — Royal Dutch Shell has delivered a blow to Louisiana’s industrial boom, saying it is scrapping a proposal to build a $12.5 billion natural gas-to-liquids plant.
The company announced Thursday that it was suspending further work on the project, which would have created 740 direct jobs and thousands more in spinoff employment.
Shell said the project isn’t viable because of factors including high cost and uncertainty in long-term oil and gas prices.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.