• The proposed new facility will operate under the name Flopam Inc. It will be built in phases over five years, with a total capital investment of over $350 million.
• Flopam will eventually hire a workforce of around 500 employees and 100 permanent contractors once the facility is fully operational.
• A regulatory public hearing will be held Thursday, May 27, at 6 p.m. in the Iberville Parish Courthouse in Plaquemine.

SNF project manager Brian Soucy addresses the crowd at the Iberville Parish Courthouse at SNF′s announcement June 19, 2009. Louisiana Governor Bobby Jindal (right) and SNF Holding Company President Peter Nichols (left) stand in the background.
• The company is hopeful that appropriate regulatory permits will be issued some time in June to allow construction to begin. During the construction period, Flopam envisions creating 250 construction-related jobs and making significant expenditures with local and state vendors.
• Initial plant start-up is expected to occur one year after construction begins.

An aerial photo of SNF′s facility in Andrezieux, France. The layout of the Plaquemine facility on River Road will be similar.

Products

The proposed facility will produce acrylamide monomer and polyacrylamide powders packaged in bags or supersacks. Polyacrylamide is a water-soluble polymer that is commonly used to assist in removing impurities from water and in wastewater treatment applications. It is also used in oil and natural gas drilling and has achieved success in enhanced oil recovery. SNF′s end products are used throughout the world in various applications, including water treatment, mining and energy. These markets are driven by the increased scarcity of resources such as water, oil and minerals. SNF′s products allow these critical resources to be recovered and/or utilized more efficiently.

Economic Impact

An economic impact analysis by LSU suggests the new facility will provide an injection of more than $3.7 billion in new state economic output from 2010 to 2025. LSU estimates that the 500 direct, new on-site jobs will create approximately 900 indirect jobs for a total of 1,400 permanent new jobs in Louisiana. Accordingly, the Flopam facility is expected to become one of Louisiana′s top 150 economicdriver firms based on direct and indirect job impact. LSU′s economic analysis also estimates that the project will result in $107 million in new state tax revenue, as well as $29.9 million in new local tax revenue from 2010 to 2025.

Environmental Responsibility

Environmental, health, safety and security management systems are an integral part of SNF operations in the U.S. and around the globe. Flopam′s commitment is to operate a safe and environmentally sound facility. The facility would comply with all environmental rules and regulations and utilize Lowest Achievable Emissions Rate standards and Best Achievable Control Technology requirements. According to a Statement of Basis prepared by the Louisiana Department of Environmental Quality as part of the agency′s review of Flopam′s air permit applications, "modeling demonstrates that emissions from the Flopam Facility will not violate National Ambient Air Quality Standards (NAAQS) for criteria pollutants and Louisiana Ambient Air Standards (AAS) for toxic air pollutants. Therefore, Flopam Facility will not cause air quality impacts which could adversely affect human health or the environment."

Community Participation

Flopam has every intention of being a good neighbor and participating in the community. At other U.S. locations, SNF has an active community involvement program where it supports and participates in local organizations, schools and emergency services. In February 2010, SNF Holding Company donated $25,000 to the Iberville Foundation for Academic Excellence, a local non-profit education foundation which provides competitive grant funding to Iberville Parish teachers and schools. The Iberville Foundation for Academic Excellence was founded in 1992, and since that time, it has awarded more than 400 grants worth nearly $470,000.