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
PotlatchDeltic Sets GHG Emissions Targets
PotlatchDeltic Corp. has established a 2030 greenhouse gas (GHG) emissions reduction target for Scope 1 and Scope 2 emissions of 42% and a Scope 3 value chain GHG emissions reduction target of 25% from a 2021 baseline…
Vermeer Redesigns HG4000 Grinder
Vermeer has redesigned the Vermeer HG4000 horizontal grinder; this new generation delivers powerful performance in various wood waste recycling applications and landscaping material production. It’s equipped with a 536 HP (399.7-kW) CAT C13B T4F/Stage V diesel engine, a Series III duplex…
Drax Announces $50 Million Expansion In Aliceville
On the heels of a recent study published by Drax showing the company could contribute more than a quarter billion dollars to Alabama’s economy in 2023, the company has announced a $50 million investment at its Aliceville pellet plant. This investment will increase production capacity by nearly 50%, from…
Washington Carbon Offset Developer ‘Steps Away’ From Project
A company that had been working with the Washington state Dept. of Natural Resources (DNR) to help develop a state program to sell carbon offsets as a way to generate forest revenues has stepped away from the project, citing the…
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.