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Louisiana Gov. John Bel Edwards yesterday announced that Gron Fuels LLC is studying the feasibility of opening a renewable fuel complex at the Port of Greater Baton Rouge.
With expansions and associated projects, the complex could involve up to $9.2 billion of total investment over several phases. A final decision is expected in 2021, which will determine the final cost of the project's first phase, state officials said in a press release.
Gron Fuels is the portfolio company of Fidelis Infrastructure co-founders Daniel Shapiro and Bengt Jarlsjo.
The project would be built in stages over nine years at a site leased from the port on the west bank of the Mississippi River, near Port Allen. The base project is expected to produce up to 60,000 barrels per day of low-carbon renewable diesel, with an option to produce renewable jet fuel utilizing nonfossil feedstocks, including soybean oil, corn oil and animal fats.
The first phase of construction would involve a capital investment of over $1.25 billion. Upon completion of all project phases, the facility would be one of the largest renewable fuel complexes in the world, state officials said.
CN, Kansas City Southern and Union Pacific Railroad serve the port.