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After perfect storm of disruption, state’s industrial sector faces uncertain 2022
A host of factors conspired to create a perfect storm for Louisiana’s industrial space over the past two years, ranging from pandemic-induced supply chain disruptions to an increasingly hostile regulatory environment. As a result, many industry leaders are hesitant to predict, with any certainty, what 2022 might have in store.
PSC decision clears way for $740M renewable energy plant
Plans for a $740 million renewable energy plant south of Plaquemine kicked into high gear last week when the Louisiana Public Service Commission
The supply side of industry economics
On the heels of a tumultuous couple of years, there’s a mix of good and bad in store for the industrial sector.
Industry leaders tout sense of purpose as way to attract young workers
Offering young workers a sense of purpose can help the petrochemical industry compete for the best and brightest, industry leaders say
AmmPower to build green hydrogen, ammonia facility at Port of South Louisiana
AmmPower Corp. has signed a letter of intent to develop a green hydrogen/ammonia facility for an undisclosed amount at the Port of South Louisiana,...
Loren Scott to petrochemical industry: Expect ‘cheap’ natural gas
The Capital Region’s petrochemical industry likely will continue to benefit from low domestic natural gas prices over the next two years, economist Loren Scott told Greater Baton Rouge Industry Alliance members today.
Louisiana, Texas want to take carbon capture oversight away from feds
Louisiana and Texas are hoping to wrest oversight of carbon capture wells from federal regulators in order to speed the permitting process, according to...
ExxonMobil restructures divisions as it moves headquarters to Houston area
ExxonMobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston.
Louisiana lost the most construction jobs in US last year
Louisiana had the steepest one-year construction employment decline in the U.S. in 2021 with a 15% contraction, Reuters reports.
Louisiana industry blasts court decision halting Gulf oil leases
A federal court has rejected a plan to lease millions of acres in the Gulf of Mexico for offshore oil drilling, saying the Biden administration did not take into account the lease sale’s effect on planet-warming greenhouse gas emissions, violating federal law, The Associated Press reports.
Big changes in store for pipeline industry in 2022
The Federal Energy Regulatory Commission, courts and states are poised to set policies in 2022 that could bring long-term changes to the natural gas...
What does the PSC’s new ruling on buying power mean for the state?
On Tuesday, the Louisiana Public Service Commission ruled that rural cooperatives in Louisiana, usually powered by large investor-owned utilities like Entergy and CLECO, can source power from firms in other states.
Industry responds to EPA’s enhanced scrutiny by wanting better communication
The U.S. Environmental Protection Agency’s announcement that it will conduct unannounced inspections of Louisiana industrial facilities and deploy mobile pollution monitoring equipment in the state isn’t necessarily a big deal because most plants already comply with the regulations, says Connie Fabré, president and CEO of the Greater Baton Rouge Industry Alliance.
LSU chemists discover way to improve biofuel and biomaterial production
Globally, sustainable energy is in demand, and plant biomass has been a front-runner as a renewable resource.
LED confident blue hydrogen, carbon capture will reduce carbon footprint despite questions
Louisiana’s economic development department says projects promising to reduce the energy industry’s carbon footprint remain viable despite questions about the environmental benefits.
Ukraine crisis could increase demand for Louisiana LNG in Europe
Tensions between Russia and Ukraine could impede natural gas supplies for Europe, which in turn could increase demand for liquefied natural gas.
Global Energy Institute taps Louisiana’s Preston Beard to lead chemicals group
The U.S. Chamber of Commerce Global Energy Institute announced last week that Louisiana native Preston Beard has joined as director of policy overseeing its growing focus on chemicals.
Will U.S. oil production return to pre-pandemic highs?
The chief executives of the nation’s two largest independent oil companies disagree on whether U.S. crude production will return to the record set before...
Louisiana task force unveils three-pronged ‘net-zero’ emissions plan
Louisiana’s nearly final plan for reducing carbon emissions to “net zero” by 2050 focuses on “three pillars,” reports NOLA.com. They include a dramatic shift...
Oil markets face volatile year with demand on the rise
Louisiana’s oil and gas sector should continue to benefit from strong oil prices this year, though the days of $100 a barrel for oil and $4 per gallon gasoline seem unlikely to return, an LSU expert says.
