Florida Fuel Connection plans to build a $75 million petroleum terminal and rail transportation facility in East Feliciana Parish for shipping gasoline and other fuels by rail to Florida and southeast Georgia.
The terminal near Slaughter will create 50 new direct jobs, with an average annual salary of $70,000, plus benefits, according to Louisiana Economic Development. The project will create 137 indirect jobs and 200 construction jobs at its peak.
Florida lacks pipeline connections to regional petroleum refineries and has to primarily import fuel by water. Florida Fuel Connection will transport gasoline, jet fuel and diesel from Colonial Pipeline’s system near Baton Rouge. The transportation facility will link the Colonial Pipeline to existing rail lines.
“FFC will have the ability to take petroleum product off the Colonial Pipeline in Baton Rouge, and for the first time, Florida and southeast Georgia consumers will benefit from a land bridge that transports petroleum from the major refining centers in the U.S. Gulf Coast that will reduce market volatility and the likelihood of supply shortages,” said John H. Armbrust, chief executive officer. “Importantly, maintaining a dependable supply of petroleum products is especially critical for first responders and government agencies responding to major weather events or other natural disasters.”
FFC anticipates being fully operational by first-quarter 2017 and at its peak will transport 240,000 barrels per day of petroleum products into Florida and southeast Georgia. The East Feliciana Parish terminal represents part of an overall $300 million capital investment FFC expects to make.
LED began discussing a project with the company in January. To secure the project, the state offered an incentive package that includes the Enterprise Zone program.
Enterprise Zone benefits include a tax credit of $2,500 per qualifying new permanent full-time job created and either a tax credit on qualified capital expenditures or a rebate of state sales taxes paid on construction materials used exclusively on-site during construction.
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