Canadian renewable fuel company Woodland Biofuels has unveiled plans for a substantial investment of $1.35 billion at the Port of South Louisiana. The initiative aims to establish a renewable natural gas (RNG) plant alongside an ultra-green hydrogen facility that will utilize waste biomass to create sustainable biofuel.
The new facility will be situated at the Globalplex facility within the port, with the first phase of commercial operations anticipated to commence in 2028.
According to Woodland Biofuels, the first phase of the project is expected to capture and store approximately 210,000 tonnes of carbon dioxide each year. In the second phase, this figure could rise dramatically to nearly 660,000 tonnes, which would be stored underground.
To bolster the project’s success, Louisiana Economic Development is set to provide Woodland Biofuels with a package of incentives valued at $250 million. This support will encompass performance-based grants as well as comprehensive workforce development solutions, further enhancing the project’s viability.
