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
Mainstream Pine Products Building Crude Tall Oil Biorefinery
Mainstream Pine Products, LLC, founded by a group of investors dedicated to using specialty chemicals from pine trees in a variety of downstream products for complex industries, has announced plans for an…
Hybrid Solar-Biomass Plant Is Running
Two 20.5 MW heaters manufactured by Sugimat for Termosolar Borges, the world’s first solar thermal-biomass hybrid plant, are operating at full capacity after successful performance tests. The plant, unique in the world due to its…
Peak Renewables To Build In BC
Peak Renewables reports it is building a 600,000 tonne per year industrial wood pellet facility in Fort Nelson, British Columbia. Fort Nelson First Nation will reportedly have equity in the plant, which is anticipated to be in operation…
CV Technology Interceptor-QV Explosion Isolation Device
CV Technology has released a new explosion isolation device, the Interceptor-QV, which uses a patented system where a differential pressure switch continuously monitors the pressure drop across the mesh…
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.