Woodland Biofuels, Inc., announced a planned $1.35 billion investment at the Port of South Louisiana to establish one of the world’s largest renewable biofuels production facilities. The Toronto-based company would utilize waste biomass to produce sustainable biofuel used in transportation, heating and electricity generation.
If the project moves forward as outlined, the company expects to create 110 direct new jobs with an average annual salary of more than $90,000. Louisiana Economic Development estimates that the project would result in 259 indirect new jobs for a total of 369 potential new jobs in the Southeast Region. Woodlands Biofuels estimates that the project would create approximately 500 construction jobs.