Louisiana Green Fuels invests $700MM

Jul 16, | Contracts + Mergers

Louisiana Green Fuels plans $700MM renewable diesel refinery – BIC Magazine:

“Strategic Biofuels LLC’s wholly owned subsidiary, Louisiana Green Fuels, plans to develop a renewable diesel plant near the Caldwell Parish seat of Columbia.

Situated on a 171-acre site at the Port of Columbia, the plant would produce up to 32 million gallons of renewable fuel annually through established refinery processes with wood waste as the feedstock. The company is completing feasibility and financing phases for the project in anticipation of a final investment decision by late 2022.

Through the project, Louisiana Green Fuels would make a capital investment of at least $700 million. The company would create 76 new direct jobs, with an average annual salary of more than $68,000, plus benefits. Louisiana Economic Development (LED) estimates the project would result in an additional 412 new indirect jobs, for a total of nearly 500 new jobs in Caldwell Parish and the surrounding region. During a 30-month building phase, the project would generate 450 construction jobs.”