SunGas Renewables Invests $1.8 Billion in Right to Work Louisiana
SunGas Renewables is investing $1.8 billion in order to add a new location in Right to Work Rapides Parish, Louisiana. This will serve as a production facility for renewable low-carbon methanol. As a result of this major investment, the company will also create 109 new jobs. So this will be a great addition for the economy.
From Area Development Magazine:
“Using biomass from sustainably managed forestry along with carbon capture allows our project to generate green marine shipping fuel while simultaneously removing carbon from the atmosphere. […] As we continue our mission to make a meaningful impact in the energy transition, we look forward to collaborating with all our project partners and the state of Louisiana to construct and operate this important project. This incredible effort happening right here in Pineville will be an innovative and industry leading low-carbon energy solution that will help fuel a better world.†[…]
“As the only state in the Gulf South with a climate action plan, Louisiana is a global leader in the energy transition and companies like SunGas Renewables have taken notice. […] I applaud SunGas Renewables for pursuing this massive investment that would create quality, high-paying jobs in central Louisiana for our talented workers. If it moves forward, this project will be another milestone in our efforts to grow and diversify our economy. The state will continue to support the company’s efforts to bring it to completion.†[…]
“The Beaver Lake Renewable Energy project would be another large-scale investment in central Louisiana’s green energy profile. […] This region is emerging as an important player in the nation’s energy transition with new jobs and investments now occurring throughout our region. We thank SunGas Renewables for choosing this area as the proposed site of its first green methanol production facility.”
AREA DEVELOPMENT MAGAZINE
To read the previous economic update on Right to Work states, click here.