May 21, 2020

St. Joseph Renewable Fuels To Build $400 Million Renewable Diesel Plant In Southern Illinois

The City of Newton, Ill., Jasper County, and St. Joseph Renewable Fuels, LLC announced plans to build a $400 million renewable diesel plant in Southern Illinois. The 40-acre site in Newton, Ill., is within a federally designated Opportunity Zone, and is believed to be one of the largest projects proposed under the Tax Cuts and Jobs Act of 2017 that was designed to revive economically distressed communities in the United States.

The environmental benefits of the St. Joseph Renewable Fuels facility are supportive of efforts to promote renewable fuels, protect the environment and reduce CO2. Additionally, the plant will bring new sources of renewable fuels to metropolitan, rural and underserved communities. The facility will consume waste fats and greases from a region spanning 1,000 miles around Newton, which would otherwise be landfilled or emptied into sewer drains. The plant will convert the waste into 90 million gallons of diesel and naphtha fuel annually, as well as seven million gallons of technical grade glycerin.

“The fuel production technologies licensed to us and being deployed at the proposed facility in Newton promote sustainable practices,” said Geoffrey Hirson, CEO of St. Joseph Renewable Fuels, LLC. “The benefits realized transfer to both the local and global environment by producing renewable, reduced carbon fuels using carbon neutral or net-carbon negative production methods.”

Richard Podos, CEO of Lance Capital, said, “The St. Joe renewable diesel plant will drive economic growth in the city and county through $400 million of hard and soft construction costs, the revival of a shuttered site, and the production of ASTM-D975 renewable diesel. We will be advancing the project via tax incentives being offered by the city, and we also will be seeking state and federal support,” he added. Podos notes 100 permanent jobs will be created in the Newton community, plus 200 construction jobs for the duration of the two-year construction, as well as 300 trucking jobs for the State of Illinois once the plant is commissioned and operating.

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