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
Schmid Energy Joins Fink Machine
Fink Machine Inc., British Columbia-based supplier of wood chip and wood pellet boilers for commercial, institution and small industrial applications, has added Schmid Energy Solutions boilers…
Morbark Announces Brad Boehler As CEO
Morbark announced the appointment of Brad Boehler as the successor to current President of Morbark Holdings and Vice President of Alamo Group’s Forestry and Tree Care Business Unit, Dave Herr…
Büttner Gets Highland Pellets Order
Highland Pellets has ordered four new drum dryers from Siempelkamp subsidiary Büttner for Highland’s industrial wood pellet facility in Pine Bluff, Ark. Highland Pellets has been operating a plant for the production of wood pellets since 2017…
Malwa Impresses Graanul Invest
Valga Puu, a forestry company of Graanul Invest, has acquired two Malwa harvesters that will enable better maneuvering in forest thinnings and prevent ground damage. The lightweight, nimble harvesters can…
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.