The federal Department of Energy has offered a $245 million loan guarantee to Red River Environmental Products to build an “activated carbon” factory in Coushatta. The company says the facility will sell AC electricity to producers seeking to reduce mercury emissions from coal-fired plants. They estimate the project will employ over 400 construction workers and 70 full-time employees. The offer is subject to completion of due diligence and other conditions. Red River Environmental Products is a joint venture owned by ADA-ES Inc. and Energy Capital Partners.
Red River gets $245 million loan guarantee for new facility
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
