Gov. Bobby Jindal and Florida Fuel Connection (FFC) CEO John H. Armbrust announced that FFC will make a $75 million capital investment to build a petroleum terminal and rail transportation facility in East Feliciana Parish, near the Mississippi River.
FFC plans to transport gasoline, jet fuel and diesel from Colonial Pipeline's system near Baton Rouge, and link the pipeline to existing rail lines to facilitate delivery across the Gulf Coast to distribution points in Florida and Georgia.
“FFC will have the ability to take petroleum product off the Colonial Pipeline in Baton Rouge, Louisiana, and for the first time, Florida and southeast Georgia consumers will benefit from a land bridge that transports petroleum from the major refining centers in the U.S. Gulf Coast that will reduce market volatility and the likelihood of supply shortages,” Armbrust said. “Importantly, maintaining a dependable supply of petroleum products is especially critical for first responders and government agencies responding to major weather events or other natural disasters.”
The state is providing FFC an incentive package that includes at tax credit of $2,500 for every qualifying new permanent job the new facility creates.
The project will directly affect the economy and will create 50 new jobs with an average starting annual salary of $70k, plus benefits. The Louisiana Economic Development estimates the project also will result in 137 new indirect jobs, for a total of 187 jobs in the Capital Region and surrounding areas. In addition, the company expects the project to generate 200 construction jobs.
Gov. Jindal said, “This is an exciting project for Louisiana, pairing energy and logistics to create more than 180 new jobs for the Capital Region. We welcome Florida Fuel Connection, which recognized the value of developing a strategic logistics facility in Louisiana to deliver high-demand petroleum products for suppliers in the Southeast. This project will help stabilize volatile fuel prices for Florida consumers. Best of all, it creates great jobs and an important economic boost for East Feliciana Parish. We are proud that Louisiana’s distinction as a great energy-producing state continues to help solve our nation’s long-term energy needs.”
FFC anticipates being fully operational by the first quarter of 2017, and at its peak will transport 240,000 bbl/d of petroleum products.