Jefferson Energy

Orange County approves $150 million, 10-year tax abatement for Jefferson Energy expansion

Orange County and the Orange County Economic Development Corporation have approved a Chapter 381 abatement agreement with Jefferson Gulf Coast Energy Partners, LLC to invest $150,000,000 in the expansion of its trans-load facility in Orange County.

According to Mark Viator, director of Public and Government Affairs/Special Projects at Jefferson Energy Companies, the abatement will allow the company to potentially build additional assets including but not limited to a new storage tank, dock and additional unloading stations and rail.

JGP Energy Partners joint venture looks to expand global ethanol market with new project

Jefferson Energy Companies and Green Plains Inc. held a groundbreaking Thursday, Dec. 8, to celebrate the two companies’ joint venture, JGP Energy Partners.

The two businesses formed a joint venture to construct and operate an intermodal export and import fuels terminal at Jefferson’s existing Beaumont terminal.

The 50/50 joint venture is expected to invest approximately $55 million in Phase I development, which will initially focus on storage and throughput capabilities for multiple grades of ethanol.