Advanced Alternatives: World Energy Paramount Renewable Fuels Project
The LAEDC’s Institute for Applied Economics (IAE) released a multiregional economic impact analysis of World Energy’s Paramount, Calif. facility. The report describes the economic impact of World Energy’s ongoing operations and its planned Renewable Fuels Project, which will convert the legacy petroleum refinery into the world’s most advanced clean energy hub. The LAEDC estimates that between 2019 and 2024, World Energy’s ongoing operations and conversion will contribute $19.2 billion to the U.S. economy and generate more than 18,000 jobs.