The world's largest bio-based succinic acid refinery was awarded funding in January 2010 from the DOE and will also benefit from funding provided by the Louisiana Department of Transportation and Development, or DOTD, to the port via its Port Priority program. In addition, Louisiana Economic Development is providing an incentive package that includes turnkey workforce solutions from LED FastStart, a five percent to six percent rebate on payroll expenses and certain sales taxes through the Quality Jobs program, and property tax abatement for materials used in new manufacturing through the Industrial Tax Exemption program.
Once operational in 2012, the project will use sorghum and carbon dioxide to produce up to 30 million pounds per year of succinic acid. Succinic acid is traditionally produced from petroleum-based feedstocks and used in a wide variety of applications, including the production of polymers, fibers, surfactants, detergents and flavors. Bio-based succinic acid can directly substitute for the petroleum-based version, thus providing a renewable bio-based industrial chemical building block and reducing U.S. dependence on imported oil while reducing greenhouse gas emissions.
"Myriant is thrilled to be on the verge of launching this breakthrough project," said Gatto. "We are extremely impressed by and grateful for the support and coordination from the state, from the Governor, LED, Louisiana DOTD, the Port of Lake Providence and Sen. Mary Landrieu. We are thankful for all of these constituents, as well as DOE, and their recognition of the vital role this technology will play in job creation, economic growth and environmental security."
Key site selection factors included the strategic location at the Port of Lake Providence, with its combination of rail, highway and barge access, as
|SOURCE Myriant Technologies LLC|
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