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
Port Of Tyne Invests £1 Million In Pellet Handling
The Port of Tyne, one of the UK’s leading deep-sea ports and a major employer in the region, has announced a £1 million investment in its wood pellet-handling operations. The investment sees state-of-the-art equipment…
Earthworm, Drax Working Together
Earthworm Foundation and energy company Drax Group have launched a new evidence-based approach to measure and evaluate the health of a forest, enabling the forestry industry to identify opportunities to support communities…
Renova Continues Focus On Biomass
Renova, an independent renewable energy developer and power producer, has reached financial close on a 75 MW biomass power plant under development in Sendai, Miyagi Prefecture, Japan, 225 miles northeast of Tokyo. The facility, named…
Kalmar Forklifts ChargePod
Kalmar, part of Cargotec, has launched its containerized ChargePod solution for electrically powered forklifts. 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.