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Southern Energy Renewables announced a $1.4 billion investment to develop a green methanol and sustainable aviation fuel (SAF) facility in St. Charles Parish, Louisiana. The facility will convert regional wood-waste biomass into low lifecycle-carbon fuels.

The project is expected to create 120 direct jobs with an average salary of $97,267 and approximately 394 indirect jobs, totaling over 500 jobs. Construction is scheduled to start in late 2027, with production aimed for late 2029.

This will be Southern's first commercial-scale development in Louisiana, coinciding with a proposed merger with DevvStream. The investment reflects Louisiana's strategy to integrate traditional energy with emerging technologies.