• CapEx: $475 million
  • Jobs: 81 direct new jobs
  • Product: Two direct air capture facilities
  • Location: Port of Caddo-Bossier
  • Project overview:
    • Heirloom Carbon Technologies, Inc. announced it is moving forward with the first phase of a decarbonization project that combines public and private investment to create two direct air capture (DAC) facilities at the Port of Caddo-Bossier.
    • During the first phase, the company plans to invest $475 million to establish its first DAC facility in Louisiana and second in North America. Heirloom expects to create 81 direct new permanent jobs with an average annual salary of more than $56,000. Louisiana Economic Development estimates the project will result in 188 indirect new jobs, for a total of 269 potential new jobs in the Northwest Region. The company also estimates that the project will support more than 1,000 construction jobs.
    • The anticipated second facility would be built as part of Project Cypress, which would utilize up to $550 million of U.S Department of Energy (DOE) funding to create one of the world’s largest Direct Air Capture hubs in Louisiana.

Company website: HeirloomCarbon.com