Renewable Diesel – Governor Jeff Landry broadcasts bond allocation for Chevron Geismar Enlargement Challenge.
On the Louisiana Mid-Continent Oil and Fuel Affiliation’s (LMOGA) annual convention, Governor Jeff Landry introduced a $100 million bond allocation for the enlargement challenge at Chevron’s Geismar Renewable Diesel Plant. This enlargement challenge is anticipated to convey 90 new everlasting jobs and 1,500 momentary jobs.
Whereas there, he additionally signed a Proclamation and an Government 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 Fuel Business can thrive in our State.
The Government 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 Fuel Business.
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Jeff Landry, Governor mentioned:
The Oil and Fuel Business constructed Louisiana and retains our financial system transferring.
“Our administration will all the time be a powerful voice for this trade and help the very important jobs it creates. This challenge won’t solely profit Louisiana’s hardworking women and men, however it is going to additionally assist scale back our carbon emissions. I’m thrilled to announce this funding, and I look ahead to seeing the unbelievable advantages this challenge will convey to our state,”
Daniel Dascher, Geismar Plant Supervisor mentioned:
Chevron could be very grateful to Governor Landry for his help of our enchancment and enlargement challenge at our renewable diesel manufacturing facility in Geismar.
“This challenge helps us to advance our purpose of offering inexpensive, dependable, ever-cleaner vitality via the manufacturing of decrease carbon depth gasoline.”
Background:
The advance and enlargement challenge was introduced with Governor John Bel in 2020 and Chevron acquired approval for the bond issuance from the State Bond Fee in 2023; nonetheless the previous Governor by no means gave them any bond allocation. Beneath Governor Jeff Landry, Chevron will now obtain the $100 million bond allocation, largely 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 advance and enlargement challenge 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 similar to petroleum diesel, making it a drop-in gasoline appropriate with autos on the highway.
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Governor Jeff Landry Pronounces Bond Allocation for Chevron’s Geismar Enlargement Challenge, Baton Rouge, LA, February 5, 2024
