24/04/14 – Steel plant expected to create windfall of work for contractors

With voestalpine Texas finally breaking ground on its $740 million Hot Briquetted Iron facility at the Port of Corpus Christi’s La Quinta Trade Gateway, construction firms throughout South Texas will be clamoring for work.

Port of Corpus Christi officials say about 1,000 jobs are expected to be created during the construction phase of the facility. Once fully operational, voestalpine Texas will employ 150 full-time workers who will produce Hot Briquetted Iron (HBI), which is a key building block in the manufacture of steel, officials say. We reported  earlier this month that work on the factory is set to begin.

The company chose the Corpus Christi area for several reasons, including an abundant supply of natural gas from the nearby Eagle Ford Shale, a highly skilled workforce, and access to quality highway, rail and deep-water shipping at the port. The facility will produce two million tons of HBI annually usng natural gas as a reduction agent during the manufacturing process.

“As South Texas continues to emerge as the energy hub of the United States, Port Corpus Christi continues to develop strategic partnerships with the world’s leading entities. We are honored to be selected by voestalpine for their HBI production plant. voestalpine’s desire to be good stewards of our environment while creating great jobs, and bringing more recognition to South Texas is something that we are proud to stand behind,” Port Corpus Christi Commission Chair Judy Hawley said in a statement.

Source – BizJournals.com