Ireland-Based Life for Tyres Group Plans St. John the Baptist Parish, Louisiana, Operations
The new manufacturing facility, located on 10 acres at the Port of South Louisiana, will convert end-of-life tires into high-quality sustainable commodities such as advanced biofuel feedstock, recovered carbon black and scrap steel.
“We are very excited about expanding our operations in the U.S. in the state of Louisiana and being part of its energy transition,” L4T CEO Tilen Milicevic said. “A strong industrial ecosystem, the availability of qualified personnel and suppliers, excellent connectivity, abundance of feedstock and proximity of our final clients are just a few of the many reasons why L4T Group, following a thorough market study, decided for Louisiana to be home to our first investment in the U.S. We are looking forward to a long and fruitful partnership with the Port of South Louisiana and to being good corporate citizens for the state of Louisiana.”
The state of Louisiana offered an incentives package that includes the comprehensive workforce development solutions of LED FastStart. It also includes a Performance-Based Grant of $1 million to be used for reimbursement of company expenditures for site improvements. In addition, the company is expected to participate in Louisiana’s Industrial Tax Exemption and Quality Jobs programs.
“At the Port of South Louisiana, we have made environmental sustainability a pillar in our mission as we seek private investments that not only create jobs for River Region families, but are also safe for our community,” Port of South Louisiana CEO Paul Matthews noted “The first of its kind in the nation, L4T Louisiana will be a world-class, carbon positive facility where Louisiana’s workers will produce high-quality totally sustainable commodities. This project will be a welcome addition to Globalplex, making it a greener and more efficient facility with room to grow.”
Life for Tyres Group’s patented technology enables it to manufacture high-quality secondary raw materials such as recovered carbon black, green oil and steel, which are then used in industrial processes.
"We are thrilled to welcome Life for Tyres to the Greater New Orleans region, creating economic growth and new jobs in St. John the Baptist Parish,” added Michael Hecht, president and CEO of Greater New Orleans, Inc. “The company’s innovative process not only helps put discarded tires back into commerce, it transforms them into sought-after biofuel products that help prove that Louisiana will be the all-of-the-above energy state of the future.”
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