A company that plans to convert biomass into gasoline and jet fuel expects to build its first commercial refinery in Alexandria.
Cool Planet Energy Systems, which is based in Colorado, said the refinery at the Port of Alexandria will lead the way for hundreds more small-scale facilities across the U.S. The company said the refinery, set for completion before the end of 2014, will produce 10 million gallons of fuel a year.
The company said it selected the Alexandria site because there is an abundance of renewable feedstock, a good local workforce and the ability to load fuel onto barges, rail cars and trucks.
“Cool Planet’s utilization of biomass to create fuel offers opportunities for Southeast U.S. states with vast renewable biomass resources to create local jobs and income while enhancing energy security,” said Bill Halter, a former Arkansas lieutenant governor and Cool Planet board member.