Louisiana has allotted $100 million in bonds to support Chevron Corp’s expansion of its renewable diesel production facility in Geismar, reports Rigzone.
Governor Jeff Landry announced the allocation at the Louisiana Mid-Continent Oil and Gas Association’s annual conference held last week at the Four Seasons Hotel New Orleans, where the state’s Republican leader also declared support for the oil and gas industry.
Renewable Energy Group Inc. (REG) and then Governor John Bel Edwards announced the expansion project 2020. Chevron has taken over the facility, which has a biorefining capacity of 90 gallons a year, since acquiring REG in 2022.
The expansion will increase the plant’s processing capacity to 340 million gallons per year. Read more.