"We are thrilled that Cool Planet Energy Systems has chosen the Port of Alexandria as the location for its first commercial bio-refinery," said Norman Welch, Alexandria Port Commission member. "We look forward to partnering with Cool Planet to not only make this first facility a success, but also to accommodate the company's future plans to expand in Central Louisiana."
Cool Planet's production plants will be 100 times smaller than a typical oil refinery, but the company's largely prefabricated systems can be moved near concentrated biomass sources, reducing transportation costs and increasing efficiency. Those savings will enable the company to produce gasoline that's competitive with oil refineries at prices as low as $50 per barrel while eliminating the need for government fuel credits or subsidies.
"We are excited about the opportunity to partner with Cool Planet Energy Systems on their new bio-refinery at the Natchitoches Parish Port," said President Ralph Ingram Jr. of the Natchitoches Port Commission. "The proposed facility will be a tremendous asset for not only the port but also for Natchitoches Parish and the surrounding area."
"We are very excited that Cool Planet Energy Systems is not only creating new jobs for our local economy but doing it in an environmentally responsible manner," said Natchitoches Parish President Rick Nowlin.
LED began working with Cool Planet on potential Louisiana locations in September 2012. To secure the project, Louisiana offered the company a competitive incentive package that includes a $750,000 Economic Development Award Program grant to offset infrastructure costs, along with the services of LED FastStart(TM) - the nation's No. 1-ranked state workforce training program. Cool Planet also is expected to utilize the state's Quality Jobs and Industrial Tax Exemption programs.
"Cool Planet's decision to invest in Central Louisiana reinforces two important messages," said President Jim Clinton of the Central Louisiana Economic Development Alliance. "First, Central Louisiana is a great location for making things. And second, Central Louisiana is emerging as a national leader in high-tech biomass and renewable energy applications. We are very pleased to welcome Cool Planet to Alexandria and Natchitoches, and we look forward to their continued growth in the region."
"North Louisiana Economic Partnership and the Natchitoches community are pleased to welcome Cool Planet Energy Systems to North Louisiana," NLEP President Scott Martinez said. "Cool Planet's environmentally friendly bio-refineries produce more than just fuel from wood waste, the plants produce much-needed jobs for the area."
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