Governor Edwards announced plans for a $700 million renewable diesel refinery in Caldwell Parish this past week. He, along with CEO Paul Schubert of Strategic Biofuels LLC, made an announcement that the company’s wholly-owned subsidiary, Louisiana Green Fuels, will develop the plant near Columbia, LA. The plant will be on a 171-acre site at the Port of Columbia and produce up to 32 million gallons of renewable fuels annually.
Louisiana Green Fuels will do this through established refinery processes with wood waste as the feedstock. It’s completing feasibility and financing phases for the project with the anticipation of a final investment decision by late 2022.
Today’s announcement of Louisiana Green Fuels’ plans to develop a renewable diesel plant in Caldwell Parish shows how our state can merge traditional and emerging forms of energy in exciting ways to address climate change. Read about it here: https://t.co/MyNxMUyh6E #lagov pic.twitter.com/TnralXpYNs
— John Bel Edwards (@LouisianaGov) April 23, 2021
Louisiana Green Fuels will make a capital investment of at least $700 million through the project. Along with the cash, 76 new direct jobs will be created. These jobs will have an annual salary of over $68,000 along with benefits. Louisiana Economic Development (LED) estimated that the project will result in an additional 412 new indirect jobs — totaling almost 500 new jobs in Caldwell Parish. The building phase is planned to take at least 30 months and will generate another 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 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 byproducts 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.”
So far, Strategic Biofuels has raised 85% of its early-stage financing from investors in North Louisiana. Along with the Columbia renewable diesel refinery, the company is planning to develop other refineries that will produce renewable aviation fuel along with diesel.
“Caldwell Parish is the ideal location for our Louisiana Green Fuels plant,” said Dr. 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…
Go to the news source: Louisiana To Develop A $700M Renewable Diesel Plant