Bayou Fuels Natchez23 Mar 2022 10:02
I messaged Dan Gibson - Mayor of Natchez - on Monday asking him if he had any news/update re funding. Of course he cannot give any specifics or price sensitive information but he did reply.
"Good afternoon Mayor Gibson. I hope you are well and working hard to help get the Bayou Fuels project off the ground. I think news of financing is scheduled by end of Q1. Have you heard anything being put in place ? This will be so good once it gets up and running.
Kind regards Simon".
"Good Morning Simon, the news is very good. Bayou Fuels in October announced a 15 year commitment with Southwest Airlines for 2/3 of their expected production. In November they announced a 10 year commitment with International Airlines Group / British Airways that commits the remaining 1/3. This means the plant is well on its way. With these two agreements in place, we are told financing the $1.5 Billion project will not be an issue. Once the levee project is complete, we expect a ground breaking in third quarter 2023".
I have asked him what the levee project is but no response as yet. I assume as the site is next to a river a levee is being built to prevent possible flooding.
He seems confident about it all, let's hope we see some evidence of it soon or other promising news. GLA.