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MegadealsSubsidy Tracker Individual Entry
Company: Terviva Industries, LLC
Parent Company:
Subsidy Source: state
Location: Louisiana
City: New Orleans
County: Orleans
Address: 3201 France Road
Zip: 70126
NAICS Industry Code: 311224
Project Description: The proposed project is an edible pongamia oil processing facility located at the Port of New Orleans. The proposed facility will be comprised of the processing equipment and utilities, with a processing capacity of 1500 MT per year of edible pongamia oil, along with supporting infrastructure (pipes, buildings, etc.) and secondary containment. The vegetable oil will be processed, blended (if needed), and shipped via truck. The facility will be designed to operate 24 hours a day, 7 days per week. There will be storage tanks for raw materials and finished materials with a few smaller intermediate tanks. There will be process pumps to move liquid from storage to process, and in the processing units. There will be a building for clean up processing of the crude oil. Processing will be outdoors in structural steel modules built off site that will use solvent to separate undesirable components of the oil and then evaporate the solvent from the oil. The solvent will be run through regeneration equipment to distill any polluting components picked up during the separation process prior to reuse of the solvent. Assets to be purchased will be processing equipment consisting of liquid-liquid extraction, distillation, evaporation, utilities, degumming/dewaxing equipment, chillers, boilers, pumps, and heat exchanges. All this equipment is needed to convert crude pongamia oil into edible vegetable oil. There will be 1 processing unit. There will be a truck loadout and receiving location. There will be a control room building with offices and an analytical lab building, and an MCC building for electrical equipment.
Year: 2023
Subsidy Value: $1,328,608
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 12
Wage Data: $1,400,000
Wage Data Type: Estimated New Payroll
Capital Investment: $15,738,067
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
Source Notes: If an online information source is not working, check the Tracker
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