Strategic BioFuels Project in Louisiana.

What is happening? Louisiana Legislature passed HB 267 (2022 | LA) that extends the eminent domain acquisition of the pore rights for underground CO₂ storage with a prohibition of third-party drilling through the storage reservoir & supports a biofuels project that will produce clean renewable diesel fuel using waste wood from managed, sustainable forestry as well as all its own green power.

Why is this important? This legislation was passed unanimously & supporters say it is an expansion of the current carbon capture legislation.

How will this be important? “I’m proud to have signed this bill into law,” said Gov. John Bel Edwards. “It advances our State’s climate initiative while bringing new opportunities for the traditional oil and gas industry and its workers. The Caldwell Parish project will bring significant economic benefits to the entire Northeastern Louisiana region.”

Biodiesel Magazine | Louisiana passes law benefiting Strategic Biofuels project

Business Wire | State of Louisiana Passes Parish-Specific Law Benefiting Strategic Biofuels Project