LGF

Strategic Biofuels Announces Strategic Investment from Magnolia Sustainable Energy Partners

Retrieved on: 
Tuesday, April 9, 2024
Carbon, Sumitomo Group, Partnership, LGF, JX, CCS, Biofuel, Utilization, Forestry, CCUS, SAF, Renewable energy

COLUMBIA, La., April 9, 2024 /PRNewswire/ -- Strategic Biofuels, a leading sustainable aviation fuels (SAF) project developer, announced today a strategic investment commitment from Magnolia Sustainable Energy Partners (M-SEP), a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas (SCOA) and JX Nippon Oil & Gas Exploration Corporation (JX). The investment from M-SEP will be used to further advance the company's flagship Louisiana Green Fuels (LGF) project, an ultra-low carbon negative SAF plant located in Caldwell Parish, Louisiana.

Key Points: 
  • COLUMBIA, La., April 9, 2024 /PRNewswire/ -- Strategic Biofuels , a leading sustainable aviation fuels (SAF) project developer, announced today a strategic investment commitment from Magnolia Sustainable Energy Partners (M-SEP), a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas (SCOA) and JX Nippon Oil & Gas Exploration Corporation (JX).
  • "It's an honor to work with Strategic Biofuels and SCOA, who possess remarkable technical, project management, business, and financing expertise and leadership to help us achieve our goals."
  • We continue to support creating strategic partnership with Japanese strategic investors through M-SEP"
    In February, SCOA announced a major investment commitment to Strategic Biofuels' LGF project, revealing that it will help the project reach a Financial Investment Decision and commencement of construction in early 2025.
  • At the same time, Strategic Biofuels announced that it would be shifting its primary renewable fuel product to SAF.

Strategic Biofuels and Sumitomo Corporation of Americas Announce Major Investment Commitment

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Environmental quality, LGF, FID, SLB, Caldwell Parish School Board, Joint, Sumitomo Corporation, Carbon, Port, Aviation, CO2, Natural Resources, Quality of life, Forestry, Fortune 500, SAF, EPA, Biofuel, Nature, Renewable energy

COLUMBIA, La. and NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Strategic Biofuels, the leader in developing deeply negative carbon footprint renewable fuel plants, and Sumitomo Corporation of Americas (SCOA), a subsidiary of Sumitomo Corporation, a leading Fortune 500 global trading and business investment company dedicated to sustainability, announced today that they have entered into a Joint Development Agreement for the Louisiana Green Fuels (LGF) project at the Port of Columbia in Caldwell Parish, Louisiana. 

Key Points: 
  • In a decisive strategic shift related to the investment, Strategic Biofuels also unveiled plans to change its primary renewable fuel product to sustainable aviation fuel (SAF).
  • When the LGF project was first announced, Strategic Biofuels garnered recognition for the extraordinarily low carbon footprint of the planned renewable diesel fuel product.
  • "Our partnership with Strategic Biofuels is just another example of our commitment to support the energy transition within the Americas," said Sandro Hasegawa, General Manager, Energy Innovation Initiative Americas at SCOA.
  • This investment commitment from SCOA continues the path from 2023, which was a year of rapid project advancement for LGF.

Strategic Biofuels Receives Air Permit Approval to Advance its Louisiana Green Fuels Project

Retrieved on: 
Thursday, September 21, 2023
Environment, Engineering, Oil, Gas, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Well, Project, LGF, Senior, National Ambient Air Quality Standards, Biorefinery, Louisiana Department of Transportation and Development, Environmental quality, Carbon, Louisiana Department of Environmental Quality, Downstream, SBF, EPA, Forestry, DEQ, SLB, Renewable energy, Hatch

Strategic Biofuels , the leader in developing negative carbon footprint biofuels plants, announced today that its Louisiana Green Fuels (LGF) project has been issued an Air Permit from the Louisiana Department of Environmental Quality (DEQ).

Key Points: 
  • Strategic Biofuels , the leader in developing negative carbon footprint biofuels plants, announced today that its Louisiana Green Fuels (LGF) project has been issued an Air Permit from the Louisiana Department of Environmental Quality (DEQ).
  • “Securing the Air Permit for the integrated facility is a significant development for our project,” said Paul Oesterreich, Senior Vice President of Project Development, Strategic Biofuels.
  • “The permit application for our facility is the first of its kind in Louisiana to be reviewed by the DEQ.
  • We are proud to have had the opportunity to work with Strategic Biofuels and DEQ on clearing an essential regulatory hurdle.

Strategic Biofuels Selects SLB for Carbon Sequestration Services on Carbon-Negative Fuels Project in Louisiana

Retrieved on: 
Tuesday, June 27, 2023
Environment, Climate Change, Other Energy, Oil, Gas, Alternative Energy, Sustainability, Energy, Forest Products, Natural Resources, Carbon, LGF, Senior, Wells, Port, Carbon credit, Forest, FEED, La Porte, British Columbia, SLB, Knowledge, CCS, Growth, Biomass, CO2, Renewable energy, Jet fuel, BECCS

Strategic Biofuels , the leader in developing negative carbon footprint biofuels plants, announced today that it has entered into an agreement with SLB, a global technology company, to provide carbon sequestration services for Strategic Biofuel’s Louisiana Green Fuels (LGF) Project, supporting the production of deeply carbon-negative fuels.

Key Points: 
  • Strategic Biofuels , the leader in developing negative carbon footprint biofuels plants, announced today that it has entered into an agreement with SLB, a global technology company, to provide carbon sequestration services for Strategic Biofuel’s Louisiana Green Fuels (LGF) Project, supporting the production of deeply carbon-negative fuels.
  • Strategic Biofuels is developing a biofuel refinery that will be powered by an adjacent bioenergy with carbon capture and sequestration (BECCS) power plant for its LGF project in Columbia, Louisiana.
  • “The collaboration of Strategic Biofuels and SLB is a major enhancement of the Louisiana Green Fuels Project,” said Bob Meredith, Chief Operating Officer of Strategic Biofuels.
  • Louisiana Green Fuels is the first biomass waste-to-fuels project by Strategic Biofuels LLC in northern Louisiana at the Port of Columbia in Caldwell Parish.

Why Today’s Accounting Firms Are Anything But Traditional

Retrieved on: 
Tuesday, May 16, 2023
Benchmark, Uncertainty, HGF, Hinge, Marketing, AAM, Research, HRI, Doctor of Philosophy, Consultant, SEO, LGF, Growth, Environment, Video game

LEXINGTON, KY, May 16, 2023 (GLOBE NEWSWIRE) -- The past two years have reshaped accounting firms of all sizes.

Key Points: 
  • LEXINGTON, KY, May 16, 2023 (GLOBE NEWSWIRE) -- The past two years have reshaped accounting firms of all sizes.
  • Over eight out of 10 firms are offering nontraditional services, according to the newly released 2023-2024 Marketing Budget Benchmark Study .
  • “These three factors are not only drivers of growth, but also signs that accounting firms are evolving their business models,” said Hinge managing partner Lee Frederiksen, PhD.
  • “Firms across the board are offering nontraditional services like ‘business consulting’ and ‘advisory’, which can be delivered by non-CPA talent.

Nonprofit Helping People Succeed After Prison Receives Over $700,000 To Support Its Mission

Retrieved on: 
Wednesday, April 26, 2023
Freedom, Black Box (Brown Eyed Girls album), Justice, LGF, Education, Vera Institute of Justice, Workplace, Andrew W. Mellon Foundation, Vera, Organization, Dehumanization, Knowledge, Nursing

DURHAM, N.C., April 26, 2023 /PRNewswire/ -- The Formerly Incarcerated College Graduates Network (FICGN) was awarded multiple grants to support its mission of creating learning experiences for justice system-impacted students and professionals.

Key Points: 
  • DURHAM, N.C., April 26, 2023 /PRNewswire/ -- The Formerly Incarcerated College Graduates Network (FICGN) was awarded multiple grants to support its mission of creating learning experiences for justice system-impacted students and professionals.
  • The grant will help FICGN build capacity to help formerly incarcerated individuals succeed in higher education and beyond.
  • "The right to learn, the right to dream, the right to seek knowledge, the right to imagine."
  • Lastly, the Vera Institute of Justice awarded FICGN a community grant to support chapter expansion across the U.S., supporting and empowering members in creating community in their regions.

Strategic Biofuels Completes Application for Class VI Injection Well Permit with EPA & LDNR for the Louisiana Green Fuels Project

Retrieved on: 
Thursday, March 16, 2023
Oil, Gas, Alternative Energy, Green Technology, Energy, Sustainability, Manufacturing, Environment, Mining, Minerals, Environmental Health, Forest Products, Agriculture, Natural Resources, Other Manufacturing, Other Energy, Utilities, Engineering, Carbon, Well, Caldwell, Fischer–Tropsch process, LPO, Class, LDNR, DOE, La Porte, British Columbia, U.S. Department of Defense Strategy for Operating in Cyberspace, Project, Behavior, Nature, VI, CO2, LGF, Secretary of State of Louisiana, EPA, Data collection, Part, Port, Louisiana Department of Transportation and Development, Title, Renewable energy

Completing this application for the EPA Class VI Permit accomplishes another major milestone for our Project.

Key Points: 
  • Completing this application for the EPA Class VI Permit accomplishes another major milestone for our Project.
  • Once the application is approved, the Project will move forward with the drilling of three injection wells and several reservoir monitoring wells.
  • The company has worked closely with both the EPA and the LDNR, which have concurrently received the Class VI Permit Application.
  • For more information about Strategic Biofuels and the Louisiana Green Fuels Project, visit: www.strategicbiofuels.com .

Strategic Biofuels Seeks to Further Bolster Louisiana Green Fuels Project Via US DOE Title XVII Loan Guarantee Program

Retrieved on: 
Wednesday, March 8, 2023
Environment, Other Energy, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Forest Products, Natural Resources, LGF, Part Two, State legislature, Federal Financing Bank, CCS, LPO, Department of Homeland Security Port Security Grant, Carbon, Secretary of State of Louisiana, Delta Regional Authority, Title, Treasury, Caldwell Parish, Louisiana, Pi bond, U.S. Department of Commerce Office of Security, Part, United States Department of the Treasury, DOE, MJ, FEMA, La Porte, British Columbia, United States Forest Service, Forest, DHS, Renewable energy

Accelerating an already impressive pace for the construction of its Louisiana Green Fuels (LGF) Project, Strategic Biofuels , the leader in developing negative carbon footprint renewable fuels plants, announced today that it has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.

Key Points: 
  • Accelerating an already impressive pace for the construction of its Louisiana Green Fuels (LGF) Project, Strategic Biofuels , the leader in developing negative carbon footprint renewable fuels plants, announced today that it has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.
  • “If our application proves successful it would be combined with the Tax Exempt Bond allocations from the State of Louisiana to form the debt portion of our project’s financing,” said Strategic Biofuels CEO Dr. Paul Schubert.
  • “We believe the loan guarantee program is a shining example of the US government’s commitment to decarbonizing the transportation sector.
  • For more information about Strategic Biofuels or the Louisiana Green Fuels Project, visit: www.strategicbiofuels.com .

Louisiana Officials, Strategic Biofuels and Port of Columbia Host Groundbreaking to Kick Off Infrastructure Improvements

Retrieved on: 
Thursday, December 8, 2022
Coal, Alternative Energy, Construction & Property, Energy, Climate Change, Sustainability, Environmental Policy, Environment, Environmental Issues, Maritime, Transport, Urban Planning, Other Energy, Utilities, Architecture, Other Construction & Property, Carbon, ESI, LA, USDA, La Porte, British Columbia, State, LED, Forestry, Atmosphere, Tree, Plant, DRA, Carbon credit, Delta Regional Authority, DOTD, Transport, United States Secretary of Homeland Security, LGF, Secretary of State of Louisiana, CO2, Forest, Louisiana Department of Transportation and Development, FEMA, Government, Multimedia, HGA, Hatch, Department of Homeland Security Port Security Grant, LCFS, PPP, Oil, Renewable energy

Louisiana Green Fuels (LGF) project team members from contractors Koch, Hatch, ESI, HGA, Performance, and MMLH were also in attendance at the groundbreaking.

Key Points: 
  • Louisiana Green Fuels (LGF) project team members from contractors Koch, Hatch, ESI, HGA, Performance, and MMLH were also in attendance at the groundbreaking.
  • To date, the Port has received nearly $17 million in federal and state grants in support of the LGF project.
  • The Port of Columbia is a Louisiana Economic Development (LED) Certified Site located six miles north of Columbia in Caldwell Parish.
  • The Port of Columbia is governed by a board of commissioners who are accountable to the Caldwell Parish government.

$1.1 Billion Tax-Exempt Bonds for Strategic Biofuels Project Approved by the Louisiana Community Development Authority

Retrieved on: 
Thursday, September 8, 2022
Chemicals, Plastics, Coal, Environmental, Social and Governance (ESG), Alternative Energy, Energy, Manufacturing, Sustainability, Nuclear, Professional Services, Other Natural Resources, Environment, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Carbon, Carbon credit, La Porte, British Columbia, CEO, Forest, PTC, RIN, Pennsylvania Film Production Tax Credit, Executive Committee, Federal, Sale, Port, LGF, S-1 Executive Committee, Secretary of State of Louisiana, Department, Economics, Department of Homeland Security Port Security Grant, State, LCFS, Revenue bond, United States Secretary of Homeland Security, CO2, Company, CCS, News, FEMA, Economic development, Act, Wells, BTC, Marketing, Security (finance), Renewable energy

The utilization of waste materials to produce fuels enables the LGF project to utilize these tax-exempt municipal bonds.

Key Points: 
  • The utilization of waste materials to produce fuels enables the LGF project to utilize these tax-exempt municipal bonds.
  • This latest bond cap approval substantially enhances the project financing structure by providing low interest rate project debt, said Dr. Paul Schubert, CEO of Strategic Biofuels.
  • We greatly appreciate the confidence in the project tangibly expressed by the LCDA in their unanimous approval of this increase.
  • Louisiana Green Fuels is the first of a series of projects by Strategic Biofuels LLC in Caldwell Parish, Louisiana.