NaClor Inc. recently announced plans to construct and operate a salt refinement plant in Indianapolis with the support and assistance of the state of Indiana. This plant will be the largest of its kind built in the United States and will use new emerging technology in its manufacturing processes.
“We appreciate the assistance from the city and the state in connection with locating NaClor’s flagship facility in Indiana,” said NaClor President Ken Gregory. Construction is scheduled to begin later this spring.
Through the salt refinement process, the company will have the flexibility to produce bleach, caustic soda and hydrochloric acid. NaClor has secured a strategic alliance with Jones-Hamilton to market the hydrochloric acid. NaClor has also aligned with GAC Midamerica to market the bleach in Indiana, Ohio, Kentucky and Illinois.
NaClor’s plant will eliminate the potential environmental risk factors associated with the transportation of chlorine, because the company will transform salt directly into the core commodity chemicals that it will sell and distribute. Additionally, NaClor will use production processes that eliminate the mercury emission problems associated with existing chlorine production facilities.
The economic development incentives offered by the Indiana Economic Development Corp. include:
Up to $35,000 in training grants from the Skills Enhancement Fund (SEF) to train Indiana resident employees;
Up to $50,000 in training grants for technology professionals through the Technology Enhancement Certifications for Hoosiers (TECH) fund;
Up to $75,000 in assistance with off-site infrastructure improvements needed to serve the site through the Industrial Development Grant Fund (IDGF);
Up to $1,150,000 over 10 years in Economic Development for a Growing Economy tax credits (EDGE); and
Approximately $1,500,000 through the Hoosier Business Investment tax credit program.
The city will provide an eight-year property tax abatement, resulting in a tax savings to the company of more than $1.38 million.
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