Clean Fuel News

Proposed $1.35 Billion Investment in Southeast Louisiana Would Establish Large-Scale Renewable Natural Gas Plant and Green Hydrogen Facility

RESERVE, La. – Woodland Biofuels, Inc., announced a planned $1.35 billion investment at the Port of South Louisiana to establish one of the world’s largest renewable biofuels production facilities. The Toronto-based company would utilize waste biomass to produce sustainable biofuel used in transportation, heating and electricity generation.

If the project moves forward as outlined, the company expects to create 110 direct new jobs with an average annual salary of more than $90,000. Louisiana Economic Development estimates that the project would result in 259 indirect new jobs for a total of 369 potential new jobs in the Southeast Region. Woodlands Biofuels estimates that the project would create approximately 500 construction jobs.

“With a multigenerational skilled workforce and abundant natural resources, there is no place in the world better positioned to help energy companies grow and thrive,” LED Secretary Susan B. Bourgeois said. “Woodland Biofuels’ project would bring high-paying jobs to the great people of St. John the Baptist Parish for years to come. The state looks forward to working with the company to bring this project to completion.”

The new facility, to be located at the Globalplex multimodal facility at the Port of South Louisiana, would include the largest renewable natural gas production plant in the world, according to the company. It expects to permanently remove hundreds of thousands of tons of carbon dioxide from the atmosphere annually and store it safely underground at a carbon sequestration site to be determined at a later date.

Source: Louisiana Department of Economic Development New Release - September 17, 2024