Drax Biomass Energy Project To Create 200+ Louisiana Jobs
12/13/2012
Drax will utilize the 169,000 acres of timberland in Morehouse Parish as a renewable resource, while also drawing upon forestry products within a 50-mile radius of its wood pellet facility. The project will tap private and industrial landowners who manage sustainable forests in the region, using logs and residual forest products that will be sized and dried before being turned into pellets at the Drax plant. The pellets will be further sized and conditioned for transport to the U.K. via bulk cargo ships.
"This is an exciting step for us," said Drax Biomass CEO Chuck Davis. "With Louisiana's support, we are looking forward to moving these projects through development and into construction during the first part of 2013. Drax Biomass is focused on building and operating clean, safe manufacturing facilities that will support local economies, create long-term jobs, and interface with regional forest industries."
To secure the project, the state offered Drax a custom incentive package that will include a $1.7 million Economic Development Loan Program commitment that will not require repayment if the company meets payroll performance obligations. Drax will also utilize the services of the nation's state’s work force training program, LED FastStart™, at no cost. The program landed Louisiana among the top-10 states for doing business in Area Development’s recent survey of location consultants. Completion of the facility is slated for early 2014.
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024