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St. Rose project to provide hydrocarbon fuel blend for power, maritime industries


St. Rose project to provide hydrocarbon fuel blend for power, maritime industries
1/15/2021
Gov. John Bel Edwards and Arq CEO Julian McIntyre announced the company will develop an industrial facility in St. Rose, Louisiana, to produce Arq’s proprietary Arq Fuel™ product. The site will receive an intermediate wet-cake 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 $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 $52,000, plus benefits. Louisiana Economic Development estimates the project also will result in 31 new indirect jobs, for a total of 43 new jo ....

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