An application has been submitted to the Foreign-Trade Zones Board (the Board) by the Louisville & Jefferson County Riverport Authority, grantee of FTZ 29, requesting special-purpose subzone status for the chemical plant facilities of ISP Chemicals Inc., located in Calvert City, Kentucky. The application was submitted pursuant to the provisions of the Foreign-Trade Zones Act, as amended (19 U.S.C. 81a-81u), and the regulations of the Board (15 CFR part 400). It was formally filed on January 9, 2001.
The facility is located on Highway 95, Calvert City, Kentucky. The application is requesting the use of zone procedures only for the portion of the facility that processes butanediol (B1D) into butyrolactone (BLO). This portion of the facility (4 acres, 525 employees) has the capacity to produce 210,000 pounds per day of BLO (HTS 2932.29.50 and 3824.90.47; duty rate 3.7%). Some 60 percent of the B1D is sourced from Start Printed Page 3985abroad (HTS 2905.39.10; duty rate 7.9%).
FTZ procedures would exempt ISP from Customs duty payments on the foreign components used in export production. Some 35 percent of the BLO produced from the imported B1D in 1999 was exported. On its domestic sales, ISP would be able to choose the duty rates during Customs entry procedures that apply to BLO (3.7%) for the foreign input noted above. The request indicates that the savings from FTZ procedures would help improve the plant's international competitiveness.
In accordance with the Board's regulations, a member of the FTZ Staff has been designated examiner to investigate the application and report to the Board.
Public comment is invited from interested parties. Submissions (original and 3 copies) shall be addressed to the Board's Executive Secretary at the address below. The closing period for their receipt is March 19, 2001. Rebuttal comments in response to material submitted during the foregoing period may be submitted during the subsequent 15-day period to April 3, 2001.
A copy of the application and the accompanying exhibits will be available for public inspection at each of the following locations:
U.S. Department of Commerce, Export Assistance Center, 601 West Broadway, Room, 634B, Louisville, KY 40202
Office of the Executive Secretary, Foreign-Trade Zones Board, Room 4008, U.S. Department of Commerce, 14th and Pennsylvania Avenue, NW., Washington, DC 20230Start Signature
Dated: January 10, 2001.
[FR Doc. 01-1385 Filed 1-16-01; 8:45 am]
BILLING CODE 3510-DS-P