Business, Freight News, Sea

South Louisiana Nets Green Manufacturer

[ February 21, 2024   //   ]

The Port of South Louisiana said Life for Tyres Group Ltd. will invest US$46 million to establish its first U.S. processing facility on 10 acres of port property in the port’s Globalplex.
The recycling and manufacturing plant, L4T Louisiana LLC, will convert end-of-life tires into high-quality sustainable commodities such as advanced biofuel feedstock, recovered carbon black and scrap steel.
L4T’s patented technology enables it to manufacture high-quality secondary raw materials such as recovered carbon black, green oil and steel, which are then used in industrial processes. The company said its approach reduces up to 90 percent of greenhouse gas emissions when compared with conventional tire recycling processes.
“The first of its kind in the nation, L4T Louisiana will be a world-class, carbon positive facility where Louisiana’s workers will produce high-quality totally sustainable commodities, said Paul Matthews, CEO of the Port of South Louisiana. “This project will be a welcome addition to Globalplex, making it a greener and more efficient facility with room to grow.”
“A strong industrial ecosystem, the availability of qualified personnel and suppliers, excellent connectivity, abundance of feedstock and proximity of our final clients are just a few of the many reasons why L4T Group, following a thorough market study, decided for Louisiana to be home to our first investment in the U.S.,” said Tilen Milicevic, CEO.
L4T’s Louisiana facility is part of a broader global expansion plan by the company, which is headquartered in Ireland and recently opened a plant in Puertollano, Spain.
To secure the project, the state of Louisiana offered a competitive incentives package that includes the comprehensive workforce development solutions of LED FastStart. It also includes a performance-based grant of US$1 million to be used to reimbursement company expenditures for site improvements. The company is also expected to participate in Louisiana’s Industrial Tax Exemption and Quality Jobs programs.
L4T expects to create 46 direct new jobs in St. John the Baptist Parish. Louisiana Economic Development estimates the project will result in 151 indirect new jobs, for a total of 197 potential new jobs in the Southeast Region.
“The company’s innovative process not only helps put discarded tires back into commerce, it transforms them into sought-after biofuel products that help prove that Louisiana will be the all-of-the-above energy state of the future,” said Michael Hecht, president and CEO of Greater New Orleans Inc.
Founded in 1960, the Port of South Louisiana is a 54-mile port district on the Mississippi River between New Orleans and Baton Rouge, encompassing the parishes of St. Charles, St. John the Baptist, and St. James. The Port of South Louisiana is Louisiana’s largest port and second-largest in the Western Hemisphere. It ranks as the No. 1 U.S. grain exporter and No. 2 U.S. energy transfer port.

L4T’s Louisiana facility is part of a broader global expansion plan by the company. PHOTO: Live for Tyres Group

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