School Board penalizes Indorama Ventures for failure to comply with ITEP requirements - American Press

School Board penalizes Indorama Ventures for failure to comply with ITEP requirements - American Press

The Calcasieu Parish School Board has penalized Indorama Ventures Olefins LLC for failing to comply with Industrial Tax Exemption Program requirements in 2022. CPSB approved the ITEP for Indorama – a facility that produces ethylene – on March 10, 2020 with an exemption of 80 percent for years one through five and six through 10 with a requirement of five jobs with a required payroll of $150,000 in 2022. In November 2023, CPSB received a notice o…