Bia Energy Operating Company announced that it is evaluating a $550 million blue methanol production plant that would be located at the Port of Caddo-Bossier in Shreveport.
“Louisiana welcomes and supports Bia Energy’s plans for investment, job creation and increased economic activity in Northwest Louisiana,” Gov. John Bel Edwards said.
The possibility of this plant could result in the creation of 75 direct new jobs, with an average annual salary of $80,000, plus benefits.
“The long-term economic impact of quality jobs created by Bia Energy will greatly benefit North Louisiana,” North Louisiana Economic Partnership President and CEO Justyn Dixon said. “With our region’s strong education partners and training programs, these well-paying, permanent jobs will contribute to retaining that skilled workforce in Caddo Parish. Bia Energy’s dedication to energy efficiency will bring our region to the forefront of modern energy. We commend the effort between the Port of Caddo-Bossier, BRF, LED and NLEP, and thus proving collaboration is the way to bring long-term investment to North Louisiana.”
Louisiana Economic Development estimates the project would result in 390 indirect jobs, for a total of 465 new jobs in Louisiana’s Northwest region.
The plant would feature carbon capture capabilities, reducing carbon dioxide, or CO2, emissions by more than 90 percent compared to other methanol plants.
If it moves forward, BEOC plans to locate its facility on a 74-acre site located at the Port of Caddo-Bossier. The company is expected to make a final decision in the 1st quarter of 2022, with construction expected to last approximately two years, and commercial operations to begin soon after.
“BRF and its partners have been working on this project for three years,” John F. George Jr., M.D BRF, President and CEO and Bia Energy Board Member said.
“We are excited about the project and the potential it has to make a positive economic impact on the area,” Ana Rodriguez, BEOC executive said. “Over the next few months we will be working to finalize the agreements and secure the financing necessary to move the project forward.”
Makenzie Boucher is a reporter with the Shreveport Times. Contact her at email@example.com.
This article originally appeared on Shreveport Times: A $550 million Bia plant may be coming to the Port of Caddo-Bossier