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
U.S. Endowment Launches $5 Million Funding Opportunity
U.S. Endowment Launches $5 Million Funding Opportunity The U.S. Endowment for Forestry and Communities has announced a $5 million funding opportunity to connect underutilized wood fiber with new buyers, strengthen regional supply chains and keep working forests...
SPONSORED CONTENT: GreCon’s Intelligent Extinguishing Module (IEM)
GreCon’s Intelligent Extinguishing Module (IEM) SPONSORED CONTENT PROVIDED BY FAGUS GRECONCommon causes of fires in wood bioenergy production are heat, sparks, embers, and hot particles. One of the most efficient measures to prevent a fire or dust explosion is the...
USDA Invests $115.2M Through Timber Production Expansion Guaranteed Loans
USDA Invests $115.2M Through Timber Production Expansion ProgramAt the Advanced Bioeconomy Leadership Conference, U.S. Department of Agriculture Administrator for the Rural Business and Cooperative Service J.R. Claeys announced the USDA is guaranteeing $115.2 million...
Advanced Woody Biomass Alliance Launches to Unite Expanding Sector
Advanced Woody Biomass Alliance Launches to Unite Expanding SectorThe Advanced Woody Biomass Alliance (AWBA) has launched as a global industry platform uniting organizations to expand the use of woody biomass as a versatile, renewable carbon solution sourced from...
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.