World's largest "renewable" natural gas production plant to open in Louisiana, company says

The big picture: The Toronto-based company expects to build at the Globalplex multimodal facility at the Port of South Louisiana in Reserve.

• Operations are scheduled to start in 2028, according to a press release.
• The project will create 110 direct jobs and about 500 construction jobs.

Zoom in: Louisiana Economic Development offered Woodland an incentive package that includes a $10 million performance-based grant.

• The company is also expected to participate in the state's programs that offer industrial tax exemptions and cash rebates based on payroll.

How it works: The company says it will use biomass to produce biofuel used in transportation, heating and electricity generation.

• Woodland didn't say what types of biomass it will use in Louisiana. The company uses forest industry waste, agricultural waste and municipal waste elsewhere.
• It also plans to remove carbon dioxide from the atmosphere, the press release said, and store it underground. The carbon sequestration site hasn't been determined.

Between the lines: Biogas can provide meaningful carbon reduction, particularly when it's made from waste such as landfills and food scraps, instead of crops specifically grown for fuel, write Axios' Dan Primack and Alan Neuhauser.

• However, methane leaks remain an issue.

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