$70 million green energy plant proposed in Iberia Parish
A company that turns sugar cane waste into a green biofuel is considering building a $70 million renewable energy facility in Iberia Parish, and the state is offering tax breaks and other perks to seal the deal.
Gov. John Bel Edwards on Monday announced that his administration has reached a preliminary agreement with Delta Biofuels, offering the company a generous incentive package that includes a $1 million performance-based grant, industrial tax breaks and workforce development services through Louisiana Economic Development. In exchange Delta Biofuels would build a 16-acre facility in Jeanerette and according to the governor’s news release, create 126 new direct jobs with an average salary of $62,500. An estimated 149 indirect jobs are also projected.
The facility would convert bagasse — a pulpy fibrous material leftover from crushing sugar cane or sorghum stalks — into fuel pellets used for electricity production. In its dried form bagasse can be burned in power plants as a cleaner alternative to diesel, coal and wood fuel pellets…….
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