• Published: Nov 19, 2009 - Page: 7B

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SHAW NABS CHEMICAL CUSTOMER: Baton Rouge-based Shaw Group Inc. has won a new Chinese chemical customer, the company reported today.

Shaw will supply Yulin Energy and Chemical Co. Ltd. with design services and technology for a catalytic cracking unit producing 1,500 kilo tons per year of ethylene and propylene. Work will take place in the Shaanxi province in north China, Shaw said.

Shaw didn’t disclose the value of the contract, which is with a subsidiary of Yanchang Petroleum Group Co. — a state-owned enterprise that’s one of four oil and gas exploration companies in China.

OPELOUSAS BAIL BONDSMAN FINED: The Louisiana Department of Insurance issued $8,800 fine notices Wednesday to an Opelousas bail bond agent and his agency for allegedly allowing bail bonds to be written after the agency’s license lapsed.

Larry J. Zerangue, 62, and Zerangue’s Bail Bonds allegedly allowed bail bond agents to issue $523,000 in bail bonds despite the agency’s lapsed license.

FEDS SEND LA. $30 MILLION IN MINERAL FUNDS: Louisiana received nearly $30 million in federal mineral revenue for the fiscal year that ended in October, the U.S. Minerals Management Service reported today.

The revenue represents part of the money the Department of Interior office collected from energy production on federal and American Indian lands in the states.

All told, the Interior Department raked in $10.7 billion for fiscal year 2009, with $5.74 billion going to the U.S. Treasury, $1.9 million to 35 states and $449 million to 34 American Indian tribes and individuals.

Another $1.45 billion went to a reclamation fund for water projects, $899 million to a land and water conservation fund and $150 million to a federal historic preservation fund, the minerals service reported.

Among the states, Louisiana’s $29.6 million paled in comparison with a quartet of Western states, led by Wyoming with $957 million, New Mexico with $389 million, Colorado at $187 million and Utah at $129 million.

Compiled from Advocate staff, wire reports

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