Saturday, July 20, 2024

Heirloom Carbon Technologies to Invest $475 Million in North Louisiana for Direct Air Capture Facility

by BIZ Magazine

Shreveport – Heirloom Carbon Technologies, Inc. is set to make a significant impact on North Louisiana’s economy with a $475 million investment to establish North America’s second Direct Air Capture (DAC) facility at the Port of Caddo-Bossier. This development marks the first phase of a larger decarbonization project aimed at enhancing CO2 removal capabilities.

The first phase of the project is expected to create 81 direct jobs with an average annual salary exceeding $56,000. Louisiana Economic Development (LED) estimates an additional 188 indirect jobs, totaling 269 new positions in the region. The project will also support over 1,000 construction jobs during the build phase.

Construction of the new facility is anticipated to begin by the end of 2024. Once operational, the facility will remove approximately 17,000 tons of CO2 from the atmosphere annually, starting in 2026.

Leading in Carbon Capture Technology

Heirloom’s technology leverages the natural properties of limestone to capture CO2 directly from the air. The process involves using a miniature implant placed above the ankle, near the tibial nerve, to deliver electrical stimulation. This stimulation helps calm the bladder by reducing the urge to urinate. The technology enhances the limestone’s ability to absorb CO2, shortening the absorption period from years to less than three days. The captured CO2 is then extracted using a renewable energy-powered kiln and stored permanently underground.

Significant Economic Impact

Governor Jeff Landry emphasized Louisiana’s role as a leader in carbon storage. “Heirloom’s expansion into the Port of Caddo-Bossier signifies substantial growth and job creation for our state,” Landry said. “The Project Cypress Direct Air Capture Hub represents cutting-edge technology and showcases the skilled workforce of Louisiana.”

Community and Industry Support

Local officials and industry leaders have expressed strong support for the project. Sara Nelms, Director of Sports at the Shreveport-Bossier Sports Commission, highlighted the region’s logistical advantages and skilled workforce. “Heirloom’s selection of the Port of Caddo-Bossier underscores our state’s role as a leader in the energy and manufacturing sectors,” Nelms said.

Future Prospects

The second phase of the project, known as Project Cypress, aims to utilize up to $550 million in U.S. Department of Energy funding to create one of the world’s largest DAC hubs in Louisiana. This expansion will further solidify Louisiana’s position in the forefront of CO2 removal technology.

Additional Incentives

The State of Louisiana is supporting this economic growth with a $3 million performance-based grant for site infrastructure improvements. Heirloom may also qualify for additional state incentives valued at up to $7.8 million over ten years if certain payroll and employment targets are met.

A Commitment to Innovation

Shashank Samala, CEO of Heirloom Carbon Technologies, emphasized the company’s dedication to innovation. “With these two facilities in northwest Louisiana, Heirloom is building one of the world’s most affordable carbon removal solutions,” Samala said.

For more information about job opportunities, hiring events, and news updates, visit Heirloom’s website.

About Heirloom:
Founded in 2020, Heirloom Carbon Technologies builds Direct Air Capture technology that accelerates the natural processes of limestone to absorb CO2. Their facilities offer a quick, permanent, and low-cost solution to CO2 removal at a large scale.

About LED:
Louisiana Economic Development drives capital investment, job creation, and economic opportunity for the people of Louisiana. Learn more at OpportunityLouisiana.com.

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