Southern Energy Renewables announced it will invest $1.4 billion to develop a green methanol and sustainable aviation fuel production facility that will convert the region’s abundant wood-waste biomass into some of the lowest lifecycle-carbon fuels on the market, leveraging Louisiana’s established energy infrastructure, innovation ecosystem and skilled workforce. The company is expected to create 120 direct new jobs with an average salary of $97,267, which is 5% above the average St. Charles Parish wage. Louisiana Economic Development estimates the project will result in an additional 394 indirect new jobs, for a total of 514 potential new job opportunities in the Southeast Region. The new production facility located near hydrogen supply and key logistics infrastructure is Southern’s first commercial-scale development in Louisiana as it prepares for a proposed merger with DevvStream (DEVS).
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