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
Arizona Restoration Remains Uncertain
Uncertainty continues to surround forest restoration efforts in Arizona: A key second contract for the U.S. Forest Service’s (FS) Four Forests Restoration Initiative (4FRI) has been delayed again; Arizona state election results…
Finite Carbon Receives New Majority Stakeholder
bp has acquired a majority stake in carbon offset developer Finite Carbon, building on its existing interest in the company. Finite Carbon states it is the largest developer of forest carbon offsets in the U.S. bp will…
Loggers Gain Relief Funding From Feds
America’s loggers will have an opportunity to receive much needed assistance to offset losses experienced due to the COVID-19 shutdown. The Emergency Coronavirus Relief Act of 2020, which passed by a bi-partisan vote in both the…
Active Energy Gears Up For CoalSwitch
Active Energy announced it has received its first order for its CoalSwitch pellet from PacifiCorp, the largest grid operator in the Western U.S. The product will be burned at PacifiCorp’s Hunter Power coal plant in Utah as part of…
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.