![biofuels central advertise](https://biofuelscentral.com/wp-content/uploads/2023/06/BC-lb.gif)
Renewable Diesel – Governor Jeff Landry publicizes bond allocation for Chevron Geismar Growth Undertaking.
On the Louisiana Mid-Continent Oil and Gasoline Affiliation’s (LMOGA) annual convention, Governor Jeff Landry introduced a $100 million bond allocation for the enlargement undertaking at Chevron’s Geismar Renewable Diesel Plant. This enlargement undertaking is predicted to deliver 90 new everlasting jobs and 1,500 short-term jobs.
Whereas there, he additionally signed a Proclamation and an Govt Order on behalf of the oil and fuel trade. The Proclamation states that Louisiana is open for enterprise and our administration will work tirelessly to make sure the Oil and Gasoline Business can thrive in our State.
The Govt Order directs the Louisiana Division of Pure Assets and the Louisiana Division of Environmental High quality to advertise the streamlining of allowing processes related to the Oil and Gasoline Business.
🔥 What about we co-host a webinar? Let’s educate, captivate, and convert the biofuels financial system!
Biofuels Central is the worldwide go-to on-line journal for the biofuel market, we may also help you host impactful webinars that turn out to be a world reference in your subject and are an evergreen supply of leads. Click on right here to request extra particulars
Jeff Landry, Governor mentioned:
The Oil and Gasoline Business constructed Louisiana and retains our financial system shifting.
“Our administration will all the time be a robust voice for this trade and help the very important jobs it creates. This undertaking won’t solely profit Louisiana’s hardworking women and men, however it should additionally assist cut back our carbon emissions. I’m thrilled to announce this funding, and I look ahead to seeing the unbelievable advantages this undertaking will deliver to our state,”
Daniel Dascher, Geismar Plant Supervisor mentioned:
Chevron may be very grateful to Governor Landry for his help of our enchancment and enlargement undertaking at our renewable diesel manufacturing facility in Geismar.
“This undertaking helps us to advance our purpose of offering inexpensive, dependable, ever-cleaner power by way of the manufacturing of decrease carbon depth gasoline.”
Background:
The development and enlargement undertaking was introduced with Governor John Bel in 2020 and Chevron acquired approval for the bond issuance from the State Bond Fee in 2023; nevertheless the previous Governor by no means gave them any bond allocation. Underneath Governor Jeff Landry, Chevron will now obtain the $100 million bond allocation, principally made up of carryover bonds.
The Geismar Facility was the primary stand-alone renewable diesel manufacturing facility within the U.S. when it was accomplished in 2010. As soon as accomplished, the development and enlargement undertaking will enhance web site capability by 250 million gallons, from 90 million gallons to 340 million gallons per yr.
Renewable diesel is sourced from a number of renewable feedstocks—together with soybean oil, canola oil, used cooking oils and animal fat. It really works identical to petroleum diesel, making it a drop-in gasoline appropriate with autos on the street.
READ the newest information shaping the biofuels market at Biofuels Central
Governor Jeff Landry Proclaims Bond Allocation for Chevron’s Geismar Growth Undertaking, Baton Rouge, LA, February 5, 2024