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Woodland Biofuels Announces $1.35 Billion Investment for Biofuel Facility in Louisiana
Woodland Biofuels Inc. has announced plans for a $1.35 billion investment at the Port of South Louisiana in St. John the Baptist Parish for a new facility that will be one of the world’s largest biofuel production facilities.
September 18, 2024
1 Min Read
ThamKC / Alamy Stock Photo
Woodland Biofuels Inc. has announced plans for a $1.35 billion investment at the Port of South Louisiana in St. John the Baptist Parish for a new facility that will be one of the world’s largest biofuel production facilities.
The new facility from Woodland Biofuels will burn waste biomass, such as industry wood scraps and residential and commercial garbage to produce natural gas and hydrogen. According to the company, 100 direct new jobs are expected to be created with an average annual salary of more than $90,000.
The Louisiana Economic Development offered Woodland Biofuels a $10 million performance-based grant while state taxpayers will partially subsidize the company. Woodland Biofuels is also expected to claim tax breaks from the state’s Industrial Tax Exemption Program and Quality Jobs Tax Credit.
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