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Area Development - Site Selection, Facility Planning and Workforce Development

Heirloom Carbon Technologies Plans Shreveport, Louisiana, Operations

06/25/2024
Climate tech company Heirloom Carbon Technologies, Inc. plans to establish decarbonization operations at the Port of Caddo-Bossier, Shreveport, Louisiana. The $475 million project is expected to create 81 jobs.

The investment includes a new direct air capture facility which will remove around 17,000 tons of CO2 from the atmosphere annually beginning in 2026. Construction is scheduled to start by the end of the year.

“Louisiana is the energy capital of the United States and has played a vital role in American energy security,” Heirloom Carbon Technologies CEO Shashank Samala said. “With these two facilities in northwest Louisiana, Heirloom is continuing its rapid progress in building one of the world’s most affordable carbon removal solutions with the ability to scale to remove billions of tons of CO2 from the atmosphere.”

To support the project, the State of Louisiana is offering a $3 million performance-based grant for site infrastructure improvements. The company may qualify for additional State incentives with a potential value of up to $7.8 million over 10 years if payroll and employment targets are met.

“Heirloom’s selection of the Port of Caddo-Bossier leverages our state’s logistical advantages, established infrastructure and upskilled workforce, underscoring Louisiana’s continued role as a leader in the energy and manufacturing sectors,” Louisiana Economic Development (LED) Secretary Susan B. Bourgeois noted. Heirloom’s technology enhances the power of limestone, the world’s second most abundant mineral, to capture CO2 directly from the air. The company’s customers include Microsoft, JP Morgan, McKinsey, Stripe, Shopify and more.

“Innovation is the heartbeat of progress, and we proudly support this groundbreaking technology Heirloom is bringing to north Louisiana,” North Louisiana Economic Partnership President and CEO Justyn Dixon added. “It is great seeing companies take advantage of the investments made by the Port of Caddo-Bossier, and it reminds us of the urgent need to continue investing for tomorrow’s opportunities. We’re enthusiastic about the momentum in northwest Louisiana, driven by the adoption of innovative solutions.”

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