Strategic Biofuels secures $250M bond allocation for Louisiana Green Fuels project

In Louisiana, Strategic Biofuels, the leader in developing negative carbon footprint renewable fuels plants, announced that Louisiana Governor John Bel Edwards awarded the company’s Louisiana Green Fuels project (LGF) a $250 million bond allocation. The bonds will form an integral part of the debt financing for construction costs of the project and be sold into the private market at final investment decision in early 2023, when construction begins. 

For the 2021 private activity bond allocation year, LGF received $250 million of the $393 million that was available from the state. The allocation provides the right to issue tax-free bonds to finance the project, which is qualified to receive them because it is a waste-to-fuels project. Although the State of Louisiana authorizes the issuance of the bonds, they are not guaranteed by the State nor are taxpayer dollars involved. To date, LGF has received $450 million in total bond allocations toward plant construction.