The Government of Louisiana in mid-January said London-based energy technology company Arq Group will develop an industrial facility in St. Rose, Louisiana, to produce Arq’s proprietary Arq Fuel™ product.
The site will receive material produced from discarded mined materials, and will transform it into a cleaner and valuable blending component for oil products entering the power-generation and marine industries.
Arq will invest up to USD 40 million at the St. Rose site owned by International-Matex Tank Terminals, or IMTT. The project will entail a thermal drying facility; blending and product-handling equipment; transportation infrastructure; and storage tanks.
Arq will create 12 new direct jobs with an average annual salary of USD 52,000, plus benefits. Louisiana Economic Development estimates the project also will result in 31 new indirect jobs, for a total of 43 new jobs in Louisiana’s Southeast Region.
“Arq’s investment is confirmation that Louisiana’s highly skilled workforce and transportation infrastructure continue to make the state a prime destination for new investments,” said Gov. John Bel Edwards.
“The innovative processes Arq will deploy in Louisiana show that we can build on our state’s legacy as an energy leader by developing new energy solutions for the future.”
The fuel’s lower greenhouse-gas profile will help industries meet evolving regulatory demands. Arq’s process creates a nearly pure hydrocarbon product and does not require the extraction of any new natural resources from the earth.
“Arq’s St. Rose facility is an important investment and milestone in our company’s ambitions to make a transformative impact in the energy industry,” added Arq CEO Julian McIntyre.
“As Arq worked on locating its initial U.S. Gulf Coast facility, the State of Louisiana, St. Charles Parish Economic Development and Greater New Orleans Inc. team have been extremely helpful, and we are looking forward to working and growing together in Louisiana.”
Arq will locate its facility on a 5-acre tract owned by IMTT in St. Charles Parish. The facility will receive intermediate products from its site in Corbin, Kentucky, for final drying, blending and shipment to customers. Primary use of the product will be for residual fuel oil in the utility market and bunker fuel for commercial ships and barges.
“Arq is planning on doing some exciting stuff in our parish. Their one-of-a-kind process takes the byproduct of one manufacturing process and uses it for another process,” said St. Charles Parish President Matthew Jewell. “We are looking forward to having Arq as a partner in St. Charles Parish.”
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