"County OKs reinvestment zone for Air Liquide plant" by: Mike Reddell

   The tax abatement reinvestment zone for Air Liquide’s proposed $107 million production plant was unanimously approved by Matagorda County Commissioners Court Monday, Nov. 5.
   Noting that Air Liquide’s continued negotiations with the Port of Bay City Authority were in place, Precinct 2 Commissioner Kent Pollard moved to approve the reinvestment zone that will be on 20.64 acres near Oxea of FM 3057.
   Air Liquide is seeking a five-year tax abatement - 100 percent in 2021 and dropping yearly to 55 percent in Year 5 in 2025 - as part of the reinvestment zone designation.
   Air Liquide’s proposed manufacturing plant will produce argon, nitrogen and oxygen.
   The plant will be near Air Liquide’s industrial gas pipelines that run through Matagorda County from Lake Charles, La., to Bishop, Texas.
   Construction on the plant is slated to begin in May 2019.
   Mike Ferdinand thanked the court for approving the reinvestment zone designation and for working with Air Liquide.
   Ferdinand, Matagorda County EDC Executive Director, was accompanied by two Air Liquide representatives.

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