Proposed $1.35 Billion Investment in Southeast Louisiana Would Establish the World’s Largest Carbon Negative Renewable Natural Gas / Ultra-Green Hydrogen Facility

By Woodland Biofuels Inc.
Cision Newswire
September 17, 2024
Category: Carbon, Climate & Bioenergy
Region: United States, US East

RESERVE, Louisiana — Woodland Biofuels announced a planned $1.35 billion investment at the Port of South Louisiana to establish the world’s largest carbon negative renewable natural gas plant / hydrogen facility. Phase 1 is the largest carbon negative renewable natural gas facility globally. Phase 2 is the world’s largest carbon negative hydrogen plant. The Toronto-based company will utilize waste biomass to produce sustainable biofuel used in transportation, heating and electricity generation. In Phase 1 the company expects to create approximately 500 construction jobs and 110 permanent jobs. Louisiana Economic Development estimates that the project will result in 259 indirect new jobs for a total of 869 jobs, 369 of which are permanent. The new facility will be located at the Globalplex multimodal facility at the Port of South Louisiana. The company expects to remove hundreds of thousands of tons of carbon dioxide annually and store it safely underground. …Commercial operations for the first phase are projected to start in 2028.

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