Illinois Governor Pat Quinn announced Monday that Knoxville, Tennessee-based coking coal producer SunCoke Energy, a subsidiary of Sunoco, Inc. is investing $6.6 million to relocate its corporate headquarters from Knoxville to Arboretum Lakes in Lisle, Illinois. The state is providing a $4.8 million business investment package to support the project, which will create 105 new jobs.
SunCoke announced in September that it intended to relocate its headquarters following its separation from Sunoco in 2011. The company conducted a search for its new corporate headquarters with the key criteria being domestic and international air service.
"The greater Chicago area has the resources and infrastructure to fully support the next phase of our company's growth. We are pleased to be increasing our presence in the Illinois business community," said Frederick A. "Fritz" Henderson, who will serve as chairman and chief executive officer of SunCoke Energy upon its separation from Sunoco, Inc. "We thank Governor Quinn and his state economic development team, as well as DuPage County and the Village of Lisle, for their assistance in making this relocation work."
The Illinois Department of Commerce and Economic Opportunity (DCEO) is administering the state's business investment package, which consists of Economic Development for a Growing Economy (EDGE) corporate income tax credits based on job creation and Employer Training Investment Program (ETIP) funds.
In the US alone, SunCoke Energy produces over 3.5 million tons of metallurgical coke per year, 25 percent of total US production.