In Louisiana, Louisiana Economic Development reported that Woodland Biofuels, 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.
The new facility will be located at the Globalplex multimodal facility at the Port of South Louisiana, LED said.
A front-end engineering design (FEED) study for the site is anticipated to be finalized by the second quarter of 2025, with a final investment decision expected by the end of next year. Commercial operations for the first phase of the project – the renewable natural gas production plant – are projected to start in 2028.
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Tags: Louisiana, Louisiana Economic Development, renewable natural gas, Woodland Biofuels
Category: Fuels
