Sumitomo investing in Lousiana Green Fuels project

Sumitomo Corporation of America (SCOA), a subsidiary of Sumitomo Corporation, has entered into a Joint Development Agreement for the Louisiana Green Fuels (LGF) project with Strategic Biofuels (SBF), the developer behind LGF. SCOA will take an anchor position and lead the formation of a Japanese-based investment consortium aimed at funding the majority of development capital

Strategic Biofuels starts construction on LGF project

Strategic Biofuels has started construction works on its Louisiana Green Fuels (LGF) project, the first renewable diesel project in North America to achieve “negative” carbon emissions. According to Strategic Biofuels, the LGF project is estimated at $2.8 billion, with the State Bond Commission and the Louisiana Community Development Authority granting their approval to LGF for