Port of Beaumont issues $382M for development of Jefferson South Terminal – Hydrogen
The Port of Beaumont has issued $382 million in revenue bonds and purchased 51 acres of waterfront property for the development of a new dock at Jefferson South Terminal.
Jefferson Energy Companies along with the Port of Beaumont announced their partnership to construct Jefferson South Terminal, which is a blue ammonia facility that will allow the region to produce and transport clean energy more efficiently.
This marks a major expansion for the Port of Beaumont and aims to drive economic growth, according to a release.
Chris Fisher Port Director said in a release
“The Port pursues public-private partnerships such as this to facilitate private investment, which leads to economic growth, job creation, and increased cargo handling capacity for the region,”
“What started as a $60 million Port investment at the Jefferson Main Terminal has turned into a $1 billion public-private partnership that has created over 200 jobs over the last 12 years. The Port is confident this new partnership at Jefferson South Terminal will yield similar results for the community.”
This facility will be the second Jefferson Energy- Port of Beaumont partnership. The first was the 250-acre Jefferson Main Terminal in Orange, Texas, which opened in 2012.
David Willard President of the Port of Beaumont Board of Commissioners said in a release
“Our partnership with Jefferson highlights our commitment to enhancing the region’s infrastructure and advancing the clean hydrogen ecosystem in Texas,”
“According to the U.S. Department of Energy Hydrogen Program, clean hydrogen in the United States has the potential to decrease economy-wide emissions by 10% over the next 25 years, create 100,000+ jobs, and support 450,000 cumulative job-years through 2030. We believe that if you aren’t moving forward, you are falling behind.”
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Port of Beaumont issues $382M for development of Jefferson South Terminal – Hydrogen, source
