USDA Approves $25M Loan Guarantee For California Biomass Gasification Project
The USDA has announced it will provide a $25 million loan guarantee under the Rural Development Timber Production Expansion Program (TPEP) to finance a 3 MW biomass gasification project in California under development by Blue Mountain Electric Co. LLC to convert forestry biomass waste into synthetic natural gas through the process of thermochemical conversion.
The total project cost is estimated at $42.2 million. According to USDA, the loan guarantee will support construction of the facility and provide working capital for operating expenses during the first year.
The loan guarantee for Blue Mountain Electric’s proposed project is one of 12 projects that will share in $115.2 million awarded by the USDA on March 23 through TPEP, which aims to ensure sawmills and other wood processing facilities have the necessary funding to establish, reopen, expand, or improve their operations.
Latest news
Arizona Groups Seek To Break ‘Biomass Bottleneck’
Arizona Groups Seek To Break ‘Biomass Bottleneck’ A group of local governments, timber industry representatives and environmental groups recently met with congressional leaders and U.S. Forest Service officials to indicate that Arizona’s forest health efforts and...
Investment Firm Angeleno Group Invests In NESTEC
OpportunitiesInvestment Firm Angeleno Group Invests In NESTECAngeleno Group, a Los Angeles-based investment firm providing venture capital and growth equity to clean energy and climate solutions companies, announced its investment in NESTEC, an equipment manufacturer...
U.S. Forest Service Announces New Funding Opportunities
U.S. Forest Service Announces New Funding OpportunitiesThe U.S. Department of Agriculture’s Forest Service has announced up to $95 million in competitive grant funding through its Wood Innovations program for projects that advance innovative wood uses, expand...
SFI President & CEO Kathy Abusow To Retire
Legacy Plant Converting To ‘Carbon Negative AI Factory’The Sustainable Forestry Initiative (SFI) has announced that President and CEO Kathy Abusow will retire in 2026, having led SFI through a period of significant expansion across North America, increasing reach,...
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.