A new processing plant is coming to Destrehan that will help make renewable fuel - NOLA.com
Destrehan processing plant expansion to create 30 jobs | Business News | nola.com
Construction has started on a new oilseed processing plant in Destrehan that will produce feedstocks for renewable fuels.
The expansion of the Bunge Chevron Ag Renewables plant will create 30 jobs and 150 construction jobs at its peak, company officials said.
The plant is expected to begin operations in 2026. It will be able to process up to 7,000 tons of soybeans and softseeds a day.
Chevron and Bunge Limited signed an agreement in 2022 to create renewable diesel and sustainable aviation fuel at plants in Destrehan and Cairo, Illinois.
The joint venture will combine Bunge's expertise in oilseed processing and farmer relationships and Chevron's knowledge of fuel manufacturing and marketing. Bunge will operate the processing plants while Chevron will have purchase rights to use the oil as a renewable feedstock.
Chevron has said it expects to produce 100,000 barrels daily of renewable and low-carbon fuel by 2030.
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.