USDA Approves $25M Loan Guarantee For California Biomass Gasification Project

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1425334041729-0'); });

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. 

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1446841792559-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-5'); });

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.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-4'); });

Latest news

Port Of Tyne Invests £1 Million In Pellet Handling

Nov 24, 2020

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 installed…

read more

Earthworm, Drax Working Together

Nov 24, 2020

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, biodiversity and tackle…

read more

Renova Continues Focus On Biomass

Nov 24, 2020

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…

read more

Kalmar Forklifts ChargePod

Oct 23, 2020

Kalmar, part of Cargotec, has launched its containerized ChargePod solution for electrically powered forklifts. The solution addresses growing customer demand for cost-effective mobile outdoor charging solutions and is ideal for customers where large parts of…

read more

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-1'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383682827953-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383684651698-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1423518257203-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1423518257203-1'); });
Subscribe to Our Newsletter

Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.

Subscribe Now
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.

Complete the Form
Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us