In Louisiana, Louisiana Economic Development reported that Monarch Energy is exploring building a $426 million facility in Ascension Parish, in Louisiana.
The company estimates the proposed facility would employ a carbon-free process to manufacture 120,000 kilograms of hydrogen per day to be sold as a “green” feedstock for a wide range of industrial and chemical processes.
If the project moves forward as outlined, Monarch Energy anticipates the creation of about 300 construction jobs at peak construction. Louisiana Economic Development estimates the project would result in an additional 105 new indirect jobs, for a total of 149 potential new jobs in the Capital Region.
“Monarch Energy’s commitment to decarbonizing hydrogen production aligns perfectly with Louisiana’s all-of-the-above energy strategy,” Governor John Bel Edwards said. “If this project moves forward, it will provide another economic boost to the Capital Region, create good-paying jobs and further solidify Louisiana’s standing as the first choice for energy innovation investment.”
The company expects to make a final investment decision and begin construction in 2025. It anticipates commercial operations to commence in 2027.
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