PASADENA PICKED FOR "CITY OF THE FUTURE" TOP SPOTS
Pasadena has been named one of the Top 10 “Cities of the Future” by fDi Magazine from the Financial Times. This year, Pasadena again earned recognition in the Infrastructure category but, for the first time, also placed fourth in the overall Small City category.
“We are honored to have Pasadena recognized as one of the leading cities of the future,” Mayor Johnny Isbell said. “Our city is committed to embracing business development and improving the quality of life for our residents.”
Pasadena was judged against 422 cities across North and South America from data collected by fDi Magazine. The city was in the Small Cities category, which includes cities with a population base between 100,000 - 350,000. Pasadena was the only Texas city to place in the top ten in any category and, in the overall category for Small Cities, was one of only five cities honored in the United States.
See the complete story here.
PRINCESS AND NORWEGIAN LINES PICK BAYPORT CRUISE TERMINAL
The Port of Houston Authority is partnering with two separate cruise lines, Princess Cruises and Norwegian Cruise Lines, to offer new service from the Bayport Cruise Terminal.
Princess Cruises will make passenger cruise calls during the 2013-2014 cruise season, while Norwegian Cruise Lines has committed to begin service in 2014.
“We are ecstatic that these two premier cruise lines have chosen to sail from our state-of-the-art cruise facility at Bayport in Pasadena, Texas,” said Jim Edmonds, chairman of the Port Commission of the Port of Houston Authority. “Securing this cruise business helps fulfill our commitment by building the cruise terminal to spur job creation and economic development for the entire greater Houston and Pasadena region.”
The Port Commission authorized entering into agreements with both lines after meeting in executive session during a regular meeting today. Discussions with the companies have been under way for some time.
See the complete press release here.
AGRIFOS LLC/RENTECH NITROGEN PARTNERS, LP
Rentech Nitrogen Partners, L.P. announced on November 1 that it has entered into a definitive agreement with Agrifos Holdings Inc. to purchase all of the membership interests of Agrifos LLC, for an initial purchase price of $158 million. Agrifos owns and operates a plant in Pasadena, Texas, that produces primarily ammonium sulfate fertilizer. The initial consideration is to consist of $138 million of cash, to be provided through an amended credit facility, and $20 million of common units of Rentech Nitrogen.
Kelsey-Seybold Clinic is building a clinic in Pasadena that will more than double the size of its existing location. The two-story building at 5049 East Sam Houston Parkway will offer 36,400 square feet of clinical space, Kelsey-Seybold said in an Aug. 13 statement.
The clinic will help Kelsey-Seybold meet increasing demand in the area, Victor Simms, internist and managing physician at Kelsey-Seybold – Pasadena, said in the statement.
The clinic will add specialties — such as orthopedics, endocrinology, neurology, gastroenterology and cardiology — increase the capacity for more physicians, expand medical and diagnostic testing, and add an onsite pharmacy.
PinnacleAIS LLC, known as a rising star in oil and gas technology, is moving forward with plans to build on 18-acres in Pasadena. The site, bordered by Allen-Genoa, Strawberry and Hernandez Roads, will be the new home of the company’s state-of-the-art, eco-friendly corporate campus. Construction will break ground soon on the initial building, 9,000 SF of class A space, with completion anticipated in 2010. The company is a leading provider of services and technology specializing in improved asset integrity for the petroleum and chemical processing industries. The company currently employs 60 and plans to hire 30 to 40 more employees next year.
NA Industries, based in Chattanooga, TN, and a wholly owned subsidiary of Nippon Shokubai Co. LTD, headquartered in Osaka, Japan, will build a new $100 million plant to produce superabsorbent polymers. The product, also known as SAP, is used in diapers, surgical pads, and wound dressings. Location of the new facility will be next to American Acryl at 4923 Bayport Road (Old Hwy 146) on a 10-acre site in Pasadena’s Industrial District. It’s expected to be in operation by June 2012 and will have a production capacity of 60,000 metric tons per year. Sixty full-time jobs will be created.
Portagas has purchased a 38,000 SF facility at 1202 Beltway 8 in Pasadena for its new corporate office. The building has a large office area, clean room and manufacturing/warehouse area. Portagas is in the business of packaging calibration gases; its products are internationally marketed to an extensive list of customers including petrochemical plants and environmental companies. Plans are to bring 20 employees to the new location and then hire approximately 10 more in the first year.
Kaneka Corporation is looking to expand its solar power manufacturing operations as well as ramping up Kaneka Nutrient's Ubiquinol manufacturing. Kaneka Texas has installed a solar power test panel at its Pasadena industrial district site. Once up and generating power, the company would like to test the waters for commercial interest in the U.S. The panels are currently made in Japan. Another aspect of expansion plans involves the manufacturing of Ubiquinol, the active antioxidant form of CoQ10. Kaneka Nutrients is the only U.S.-based CoQ10 manufacturing facility and produces using a proprietary yeast-fermentation process. For over 30 years, Kaneka has produced the highest-quality CoQ10 in the world, and with the introduction of Ubiquinol, it furthers its position as category leader and for future growth.
A former plastics manufacturing facility in Pasadena’s industrial district has become available for a new owner. The 150-acre property is located at 9802 Fairmont Parkway; it has 7,000 lineal feet of rail, 45,000 SF of buildings and extensive infrastructure. The site is accessed by Underwood Road and served by the Union Pacific railroad. The Bayport Industrial District is home to over 70 chemical and plastic manufacturing firms from around the globe. The district offers an extensive feedstock pipeline network and tax abatements and incentives for qualified new development and investment.
The Aspen Institute has named Pasadena's San Jacinto College one of the top community colleges in the country, and a finalist for the Aspen Prize for Community College Excellence. The college will now have an opportunity to compete for the $1 million fund for the 2013 Aspen Prize for Community College Excellence.