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
New Sawmill Coming To Louisiana
Teal Jones Group marked the beginning of construction of an $110 million SYP sawmill near Plain Dealing, La. on July 11 with a groundbreaking ceremony. Canada-based Teal Jones Group had disclosed in December it was considering northwest Louisiana as the site of a sawmill…
Key Committee Boosts Biomass Before Fall EU Parliament Vote
Working on the EU’s upcoming Renewable Energy Directive III (REDIII) that will update the Union’s renewable energy policies, the EU Parliament’s Industry Research and Energy (ITRE) Committee recently voted to not only uphold policies that treat wood pellets as carbon neutral, but also expand the use of wood pellets as a coal substitute…
Wood Bio Conference Speaker Pete Madden: “This is going to be an incredible decade for our sector.”
Going into the seventh Wood Bioenergy Conference & Expo, organizers said the lineup of keynote speakers, on paper, was the best in the history of the event. The real thing was even better. Speakers from their wide-ranging perspectives provided a crystal clear picture of how the wood-based energy shapes up today and what to expect moving forward…
B&W Enters Kiewit, Fidelis Biomass Project
Babcock & Wilcox is partnering with Kiewit Industrial to deliver Fidelis New Energy’s planned net-negative carbon impact biomass power plant at the Port of Greater Baton Rouge, La. The 200 MW electricity plant will be the largest of its kind in the world, according to the participants…
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.