Fulcrum BioEnergy Eyes Gary, Indiana, for New Plant
The company’s new plant, the Centerpoint BioFuels Plant, will convert municipal solid waste into low-carbon, renewable transportation fuel, and will create up to 163 new, high-wage jobs by the end of 2022.
Fulcrum will invest approximately $600 million to establish Centerpoint at an industrial site in Gary that will be at least 50 acres in size. The site is in final negotiations. The company plans to begin construction in 2020, after finalizing site design plans and preparation. Fulcrum plans to be operational in 2022, following 18-24 months of construction.Once operational, Centerpoint will produce approximately 33 million gallons of fuel annually while diverting approximately 700,000 tons of waste each year from local landfills in the Greater Chicago area and convert it offsite into a prepared feedstock. Fulcrum will utilize its proprietary process to reduce greenhouse gas emissions by more than 80 percent when compared to conventional fossil fuels.
“Launching our business in Indiana is an important next step in expanding Fulcrum’s capabilities to new cities rich in innovation and opportunity,” said Jim Macias, President & CEO of Fulcrum BioEnergy, Inc. “Fulcrum’s municipal solid waste-to-fuels process will positively impact climate change and boost the economy by providing low-carbon transportation fuel while also creating high-paying jobs and investment in northwest Indiana.”
As an incentive, Indiana Economic Development Corporation offered Fulcrum up to $2.1 million in conditional tax credits based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Gary is considering additional incentives.
Centerpoint will be Fulcrum's second waste-to-fuels plant, joining a plant near Reno, Nevada, which is currently under construction. The company currently employs 39 associates in the U.S. and U.K., at its California headquarters, South Carolina engineering office, U.K. project development office, Nevada feedstock processing facility, and the Nevada Sierra BioFuels construction site.
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