Strategic Biofuels has tapped SLB to provide carbon sequestration services for its $700 million Louisiana Green Fuels Project, the companies announced today.
SLB will provide site de-risking and front-end engineering and design services to help the project offset up to 1.36 million tons of CO2 emissions each year.
Strategic Biofuels is developing a refinery that will convert forestry wood waste into renewable fuels and electric power at its 171-acre site in Caldwell Parish, as previously reported in Daily Report.
The refinery will be powered by an adjacent bioenergy plant with carbon capture and sequestration. Emissions from the refinery and power plant will be captured and stored in porous rock formations thousands of feet below ground to make the project carbon negative.
Construction of the biofuel refinery and power plant are expected to be completed in 2027.
When both facilities come online, they will be capable of producing nearly 32 million gallons of renewable synthetic fuels per year and generating more than 85 megawatts of electric power.
Strategic Biofuels completed feasibility studies for the project in March 2022, as reported in Daily Report, which was significant because many major projects involving renewable fuels do not move past the feasibility study stage. Read the full announcement.
