b'10American Journal ofTransportation ajot.comPort of South Louisianas Matthews: Record tonnage in 2024 HWYH2O.COMBy Stas Margaronis, AJOTThePortofSouthLouisianaisand electricity generation.projectingrecordtonnagein2024,InPhase1alonethecompany accordingtoPaulMatthews,CEO,expectstocreateapproximately500 Port of South Louisiana. construction jobs and 110 high-paying, The Port of South Louisiana coverspermanent, direct new jobs. Louisiana a54-milestretchofEconomicDevelop-thelowerMississippimentestimatesthat RiverbetweenNewthe project will result OrleansandBatonin259indirectnew Rouge. It begins nearjobs for a total of 869 theLouisArmstrongjobs, 369 of which are NewOrleansInter- permanent. nationalAirportandThenewfacil-windsthroughSt.ity will be located at Charles,St.JohnthetheGlobalplexmul-Baptist and St. Jamestimodal facility at the parishes.ThePortisPortofSouthLoui-regularlyoneofthesiana.Thecompany nationslargestbyexpectstoperma- W I T HOOUURR N E WAANNDDtonnage.ThePortofnentlyremovehun-South Louisiana is pro- dredsofthousandsI M P R O V E DGGAATTEEWWAAYYjecting a 5% increaseoftonsofcarbonI N C E N T I V E ,TTHHEERREE HHAASSN E V E RBBEEEENN AA BE T T E Rintonnagefor2024Paul Matthews, CEO,dioxidefromtheB E T T E RPort of South Louisiana HHI I P I I GGwith Matthews agree- atmosphereannuallyT I M ETTOO SSTTAARRTT SS PP PNNing: Its probably about a 5% increase. and store it safely underground. PhaseO NTTHHEE GGRREEAATT LL A K E SA K E SMatthewsspoketo AJOTatthe1 is expected to permanently removeW I T HHHWWYY HH OOAmerican Association of Port Author- 210,000 tons of CO2 annually.PhaseI 2ities(AAPA)annualconventionon2 will remove approximately 660,000 October 29 thin Boston. He reported:tons of CO2 annually. This year we recognize that we had Life for Tyres Group Limited, Europes asecondstraightyearoftonnagelargestend-of-lifetirerecyclingcom-growth.Wehaventhadthatmuchpanywithmanufacturingfacilitiesfor tonnage growth in almost 10-years sustainable commodities, announced it Our fiscal year showed that we hadwill invest $46 million to establish its another record revenue year wefirst U.S. processing facility on 10 acres are financially healthiest that we haveat the Port of South Louisiana.ever been as a port. Therecyclingandmanufactur- For mmoorreeiinnffoorrmmaattiioonn::Matthews noted that the Port madeingplant,L4TLouisianaLLC,willE ail [email protected] major announcements in 2024:convertend-of-lifetiresintohigh- emWoodlandBiofuelsannouncedaquality sustainable commodities such planned $1.35 billion investment at theas advanced biofuel feedstock, recov-Port of South Louisiana to establish theered carbon black and scrap steel. L4T worlds largest carbon negative renew- expects to create 46 direct new jobs in ablenaturalgasplant/ultra-greenSt. John the Baptist Parish. LouisianaandjobcreationinLouisianaInn eWc OnstructiOn At theP Orthydrogen facility.Phase 1 of this proj- Economic Development estimates theaddition to the tremendous impact thisMatthewssaidnewconstruc-ect is the largest carbon negative renew- project will result in 151 indirect newforeigninvestmentwillhaveonthetion projects are imminent at the Port: able natural gas facility globally. Phasejobs, for a total of 197 potential newstate and local economies, L4T willSpeaking of construction, we have 18 2istheworldslargestcarbonnega- jobs in the Southeast Region.supportLouisiana-basedoilandgasprojects that are going to be under con-tiveultra-greenhydrogenplant.TheThenewinvestmentwashailedandpetroleumchemicalcompaniesstruction over the next six to 12 months Toronto-basedcompanywillutilizeby Governor Jeff Landry: This newwithhigh-qualitysustainablecom- whichtotalaboutahundredmillion wastebiomasstoproducesustainableprojectisaperfectexampleofthemodities that help them achieve theirdollars. The biggest one is our second biofuelusedintransportation,heatingpower of the ports to drive investmentcarbon management goals. dock access bridge at Globalplex. So, the main access bridge we have now is too narrow for simultaneousingress and egress for trucks. So, with this one right next to it, which is roughly $36 million, we will be able to have that (new bridge), and we will keep the old one. So now we can triple our through-puts for trucks.g rAinThe Port continues to lead in U.S. grain exports, Matthews says: So we are the number one export of grain in the United States, and thats not going to change. 60% of the nations grain is exported down the lower Missis-sippi River that may go up to 70%. And much of that is because of the needformoregraininEuropeand North Africa as a result of the Rus-sian Ukraine crisis. And particularly (with)wheatweveseen136% increase in wheat exports out of the PortofSouthLouisianabecause Americas farmers are having to push out more of that demandWeve actuallyseentheNetherlands,who was our fourth largest export partner, is now number two because of this crisis and more and more grain from America is going to Europe.(RECORDcontinued page 14)'