New Markets Tax Credit Coalition

  • Greenwood,
  • MS
  • (2018)

Express Biodiesel

District: Bennie Thompson (D-MS02)

Express Biodiesel built a new plant to produce up to 15 million gallons per year of biodiesel from locally sourced soybean oil and waste poultry processing oils.

Investment

  • NMTC Amount: $12,000,000
  • Total Project Cost: $19,018,985

IMPACT

  • 28 FTE jobs
  • 35 construction jobs

CDEs

,

Investor

Project Description

Express Biodiesel (EGB) built a new plant to produce up to 15 million gallons per year of biodiesel from locally sourced soybean oil and waste poultry processing oils. EGB is family owned and operated in Leflore County, a Persistent Poverty County in the MS Delta, a region that has suffered from extreme poverty and high unemployment for generations. When used as vehicle fuel, biodiesel produces significantly lower emissions than petroleum diesel.

External Profile

MAP

Address: 2015 River Road Ext, Greenwood, MS 38930

Census Tract: 28083950700

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