Skip To Main Content

Louisiana Green Fuels

Columbia/Northeast Region

The Mission 

A subsidiary of Strategic Biofuels Inc., Louisiana Green Fuels is a negative carbon footprint plant that cost-effectively converts forestry waste from responsibly managed and sustainable plantation forests into clean-burning renewable transportation fuels.

The Challenge

The company sought to develop a renewable diesel plant that would produce up to 32 million gallons of renewable fuel annually through established refinery processes with wood waste as the feedstock.

The Opportunity

 Louisiana offered a competitive incentives package that includes:

backnext

$200 million tax-free bond allocation, which would substantially advance financing for the project.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.  

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program.

$200 million tax-free bond allocation, which would substantially advance financing for the project.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.  

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program.

The Outcome

backnext

2021

The company announced plans to build a renewable diesel refinery plant on a 171-acre site at the Port of Colombia.

$700 million

capital investment

76

direct new jobs

412

indirect new jobs

$68,000

average annual salary

2021

The company announced plans to build a renewable diesel refinery plant on a 171-acre site at the Port of Colombia.

$700 million

capital investment

76

direct new jobs

412

indirect new jobs

$68,000

average annual salary

“Caldwell Parish is the ideal location for our Louisiana Green Fuels plant. 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 … We are especially thankful for (the governor’s) signature on the recent $200 million tax-free bond allocation, which substantially advances the financing for this project.”

–Dr. Paul Schubert, CEO of Strategic Biofuels

Noteworthy

Related Success Stories

View all success stories arrow-small

What can we help you find?