Sundrop Plans $450-Million Biofuels Plant in Louisiana
Colorado startup biofuels company Sundrop Fuels Inc. plans to build its first biofuels production plant in Louisiana. Sundrop has agreed to purchase a 1,200-acre site for the $450-million refinery in Rapides Parish, near Alexandria, LA. The plant is expected to employ 150 workers.
The refinery will use forest waste and hydrogen from natural gas to make as much as 50 million gallons a year of what Sundrop calls “the world’s first ready-to-use, renewable ‘green gasoline.’”
The company said that Louisiana officials provided performance-based incentives, and plant construction will be financed in part through the sale of state-tax-exempt “private activity bonds.”