partners
Economic Incentives from the state of Louisiana are substantial.
https://www.opportunitylouisiana.gov/business-incentives
Here are some examples of the support available.
Attainment Zone: the site chosen by Real Fuels comes under the title Attainment Zone. This means that the rules for an Air Permit Application to be granted, are more relaxed than old industrial areas in urban sections such as Baton Rouge.
Fast Track Air Permit: Louisiana's Fast Track Air Permit applies to our site which makes it possible for the permit to be granted within 6 months. Essentially, the applicant pays for overtime to get the permit moved through quicker. https://www.deq.louisiana.gov/page/expedited-permit-program
NB: Due to our effectively zero emissions systems an air permit may not be required, or only a limited permit required, which will significantly shorten the approval time
Louisiana Economic Development are supportive of the project at this early stage and have offered additional incentives for the site proposed.
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Louisiana Fast Start offers the facilities of the local university and the local state technical college to write our training manuals at no cost to us. https://www.opportunitylouisiana.com/faststart/why-faststart
STRATEGIC PARTNERS
Our ongoing development and planning is at the following stage:
We have an offtake agreement with a very large fuel distributor to take 100% of our output. Last year their revenues were nearly $9 billion, and they sold 3 billion gallons of fuel to 8000 customers. They have a strategic plan to sell as much renewable fuel as possible.
LOI with technology owner in place to license the technology
feedstock LOI in place
final discussions with an EPC
selected an engineering company to handle site prep and infrastructure
selected a major accounting firm
selected a major Louisiana law firm
laid the groundwork for using SAP as ERP software
selected a firm to manage RINs for us
identifying substantial potential incentive funds for site infrastructure