ASCENSION PARISH, La. (BRPROUD) — A hydrogen production company wishes to build a new multi-million dollar plant in Ascension Parish.

In a release, Monarch Energy proposed to build an energy facility with a carbon-free process to make over 120,000 kilograms of hydrogen every day to be sold as a “green feedstock.”

The facility would cost about $426 million and would create 44 direct jobs, about 300 construction jobs, and 105 indirect jobs, creating a total of 149 new jobs in Louisiana, as predicted by the Louisiana Economic Development (LED).

“Monarch Energy’s commitment to decarbonizing hydrogen production aligns perfectly with Louisiana’s all-of-the-above energy strategy,” said Gov. John Bel Edwards. “If this project moves forward, it will provide another economic boost to the Capital Region, create good-paying jobs and further solidify Louisiana’s standing as the first choice for energy innovation investment.”

The energy company plans to use electricity to break water down into hydrogen and oxygen, this would qualify as the hydrogen being “green” because there wouldn’t be any carbon dioxide released into the air.

Monarch expects to make a final decision and begin construction by 2025 and expects to start operations by 2027.