Red Rock Biofuels Signs Local Tax, Utility Agreements

From: Wood Bioenergy Staff Biorefinery developer Red Rock Biofuels recently signed two agreements with Lake County, Ore., where the company is moving forward with a $200 million biofuel facility, giving the project tax incentives and the go-ahead for a natural gas line that will be shared with Lake County. A Long-Term Rural Enterprise Zone Agreement […]

From: Wood Bioenergy Staff

Biorefinery developer Red Rock Biofuels recently signed two agreements with Lake County, Ore., where the company is moving forward with a $200 million biofuel facility, giving the project tax incentives and the go-ahead for a natural gas line that will be shared with Lake County.

A Long-Term Rural Enterprise Zone Agreement with Lake County and the city of Lakeview gives the project a 15-year property tax exemption on the site and new equipment. Instead, Red Rock will pay a yearly community service fee to the city and county. Meanwhile, a Natural Gas Capacity Sharing Agreement with Lake County grants the county access to extra capacity on a 3 mi. natural gas pipeline Red Rock is building to feed the plant.

Red Rock’s biorefinery aims to produce jet, diesel and naphtha fuels from local sawmill residuals and logging slash on nearby timberlands. Plans are to convert about 140,000 dry tons of woody biomass into 12 million gallons of liquid biofuels annually, with the option to scale up if demand takes off. The plant has gained publicity through agreements with Southwest Airlines and FedEx to each purchase about 3 million gallons a year, with deliveries expected to begin in 2017.

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