REG Geismar looking at $65M tax break to attract $1.2B expansion

July 22, 2020 |

In Louisiana, the Advocate newspaper reports that REG’s Geismar facility is one of the company’s potential expansion sites in the US and Europe where negotiations are currently ongoing with local officials to seek out the best investment incentives. Up for grabs are as much as $65 million in potential tax exemptions over 10 years if the company decides to go forward with a planned $1.2 billion expansion. The local school board will make its decision whether to approve the tax relief package at its next meeting on August 3.

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