$500M Chalmette renewable diesel project secures local approval neworleanscitybusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neworleanscitybusiness.com Daily Mail and Mail on Sunday newspapers.
Chalmette renewable diesel project gets 2 key approvals
Two local entities have approved a tax break to convert part of a refinery in Chalmette into a facility that can make renewable diesel fuel.
The St. Bernard Parish Council and Sheriff James Pohlmann unanimously signed off on Chalmette Refining’s application for Louisiana’s Industrial Tax Exemption Program. The program requires local officials’ approval.
If the ITEP is approved by the St. Bernard Parish School Board, and the potential investors select St. Bernard for the project, construction could begin this year, according to a news release from the St. Bernard Economic Development Foundation. Plans are for the facility to be fully operational by the end of 2022 or first quarter of 2023.
In Louisiana, Gov. John Bel Edwards and PBF Chalmette Refinery Manager Steven Krynski announced the company is studying the possible conversion of an idled refinery unit into a renewable diesel production complex. The refinery’s parent company, PBF Energy, would make a $550 million capital investment to retrofit a hydrocracker unit – out of operation since 2010 – with new technology to accommodate renewable diesel production. The project also would include construction of a pretreatment unit that will allow Chalmette Refining to create non-fossil feedstocks from soybean oil, corn oil and other biogenically derived fats and oils.
With the project, Chalmette Refining would create 20 new direct jobs at an average annual salary of $70,000, plus benefits. Louisiana Economic Development estimates the project would result in 90 new indirect jobs, for a total of 110 new jobs for St. Bernard Parish and the Southeast Region. The project is expected to support 200 construction jobs, and
Gov Edwards, Chalmette Refining Announce Potential $550 Million Renewable Diesel Project – Advanced BioFuels USA advancedbiofuelsusa.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advancedbiofuelsusa.info Daily Mail and Mail on Sunday newspapers.
Today, Gov. John Bel Edwards and PBF Chalmette Refinery Manager Steven Krynski announced the company is studying the possible conversion of an idled refinery unit into a renewable.