LGF Highlights Photo Gallery Projects & Timeline Milestones

Projects - Strategic Biofuels

Projects - Strategic Biofuels

Advancing Projects with Operational Know-How

Our Louisiana Green Fuels (LGF) project, which will have a US EPA Class VI sequestration permit, is located at the Port of Columbia and has ideal geologic conditions for carbon sequestration, as confirmed during our stratigraphic test well program in 2021.

LGF Project Highlights

Approximately 1 million tons per year of forestry waste will be used as the feedstock for the biorefinery.

 

Green energy produced from an integrated biomass-fired power plant will require nearly 1 million tons of sawmill waste annually to produce 86 megawatts of power.

 

1.36 million metric tons per year of CO2 produced from both of those operations will be sequestered, which is equivalent to removing nearly 300,000 passenger cars from the road, making our SAF a product much in demand by the aviation industry.

 

Project Milestones and Timeline

2021
June
Completed drilling and evaluation of stratigraphic test well
2022
February
Louisiana Green Fuels Project Allocated $250 Million of Private Activity Bonds by Louisiana Governor John Bel Edwards
2022
March
Project Moves into FEED (Front End Engineering Design) Stage from Pre-FEED
2022
July
State of Louisiana Passes Parish-Specific Law Benefiting Strategic Biofuels Project
2022
August
Project Drives $1M Grant from DHS and FEMA to the Port of Columbia
2022
September
$1.1 Billion Tax-Exempt Bonds for Project Approved by the Louisiana Community Development Authority
2022
October
U.S. Forest Service Awards Cooperative Agreement to Strategic Biofuels Team to Develop a Renewable Fuel Standard Compliance Tracking System
2022
December
Groundbreaking for Upgrading Riverton Camp Road to Heavy Construction Grade
2023
February
Johnson Matthey and bp Brought on as Project Partners
2023
March
Application for Class VI Injection Well Permit Completed with EPA & LDNR
2023
March
Advance with US DOE Title XVII Loan Guarantee Program
2023
June
SLB Selected for Carbon Sequestration Services
2023
September
Air Permit Approval Secured
2024
February
Major Investment Commitment from Sumitomo Corporation of Americas Announced