Plans for a new $700 million (€580 million) renewable diesel refinery in Louisiana have been unveiled.
Louisiana Green Fuels, will develop the plant near Columbia, which will be on a 171-acre site at the Port of Columbia and produce up to 32 million gallons of renewable fuels annually.
The building phase is planned to take at least 30 months and will generate a total of 450 construction jobs.
“Louisiana Green Fuels is an example of how our state can merge traditional and emerging forms of energy in exciting ways to address climate change,” said Governor John Edwards. “The company has engaged Justiss Oil of Jena to drill a sequestration test well that will confirm the integrity of carbon storage a mile below the earth’s surface.
“This project would boost our state’s forestry sector by harvesting timber by-products in a sustainable fashion, and the refinery’s renewable diesel output would be accomplished in a carbon-negative fashion. That means this refinery would achieve better than net-zero emissions – it would actually remove more carbon from the environment than it produces.”
“Caldwell Parish is the ideal location for our Louisiana Green Fuels plant,” said Dr Paul Schubert, CEO of Strategic Biofuels. “It combines the required forestry waste feedstock for fuel production and the right geology for carbon sequestration within the State of Louisiana’s visionary legislative framework, which has been further strengthened by the Climate Initiative established by Governor Edwards.
“We are especially thankful for his signature on the recent $200 million tax-free bond allocation, which substantially advances the financing for this project.”
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector