Proposed US$3.3 billion gasoline plant in southern Arizona halted

Proposed US$3.3 billion gasoline plant in southern Arizona halted

CASA GRANDE, AZ — Construction of a proposed gasoline plant in southern Arizona that would have generated more than 2,000 jobs has been halted after the company planning the project reprioritized its projects.

“Houston-based Nacero LLC announced in March that it would build the US$3.3 billion plant to convert natural gas into gasoline in the small city of Casa Grande, south of Phoenix, creating about 2,000 construction jobs and 265 permanent jobs,” The Casa Grande Dispatch reported.

Construction was originally scheduled to begin in 2021 and be completed by 2025. But Casa Grande City Manager Larry Rains said that the city received a notice weeks ago from the company of its decision to reorder which plants it will build, placing the Casa Grande project the third on its list.

Nacero representatives said the company plans to withdraw its draft agreement with the city and release property owners from a land transaction.

Arizona State University had estimated that the project would have added $6.9 billion to the state’s economy over 40 years, not counting income taxes, company officials previously said in a statement.

Source: Border Report