Marissa Hall | Shale Plays Media
NFR BioEnergy is capitalizing on a source other than natural gas for energy in Louisiana. According to the Shreveport Times, Gov. Bobby Jindal and the chief operating officer of the company, Frank Randazzo, have coordinated on efforts to turn sugar cane waste into an energy source. The project will require a $312 million investment from NFR BioEnergy and will add biorefineries to 10 sugar refining hubs in the southern part of the state.
NFR BioEnergy will convert sugar cane waste, known as bagasse, into hardened energy pellets for use as fuel at global power plants. NFR BioEnergy has begun development of the first biorefinery in White Castle where it is co-locating the facility with the Cora Texas Sugar Mill.
Should the mills agree to the arrangement, the biorefineries would create 450 new direct jobs paying an average of $54,000 a year, as well as an estimated 1,903 more indirect jobs. Hiring for these jobs is expected to begin in 2016. According to the article, Jindal thinks the move is a positive step forward for the state, quoting:
“This project not only will create a new source of sustainable energy, but it will also create additional sources of fertilizer and lower waste and disposal costs for our sugar cane growers. By attracting innovative manufacturers like NFR BioEnergy, we are creating great new career opportunities and providing more jobs to Louisiana families that will further extend our state’s economic growth.”
The venture will contribute to Louisiana’s energy service sector, which has experienced a slump since 2012. While the natural gas industry has once again begun to grow, this step toward renewable energy will continue to strengthen Louisiana’s position in energy.
See the Shreveport Times’ full article for all the details: NFR announces $312M energy project