Sundrop Fuels to build biofuels plant on Louisiana site
Sundrop Fuels, a gasification-based drop-in advanced biofuels company, will buy about 1,200 acres of land near Alexandria, Louisiana, to construct and operate a production facility.
Approximately 50 million gallons of renewable green gasoline will be produced per year by the facility using sustainable forest waste combined with hydrogen from clean-burning natural gas.
The company will use a gasification process to convert cellulosic feedstock into synthesis gas, which will then be made into clean, affordable biobased green gasoline for use in combustion engines via the nation's existing fuels distribution infrastructure.
Sundrop Fuels advanced biofuels plant will cost about $450m to $500m to build and will be financed in part through the sale of tax-exempt Private Activity Bonds.
The company also received performance-based incentives for the production facility from Louisiana.
Sundrop Fuels CEO Wayne Simmons said the facility facility will provide US with millions of gallons of renewable gasoline and establish the company's transformative fuel production process, while supporting Louisiana's natural gas and sustainable forestry industries.
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