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
SPI Will Sell Energy To PSE
Puget Sound Energy (PSE) has teamed up with Sierra Pacific Industries (SPI) to purchase 17 megawatts (MW) of renewable energy from SPI’s cogeneration plant…
ALC Leader Provides Big Picture Of Loggers
Danny Dructor, executive vice president of the American Loggers Council, spoke on the Health of the Logging Ranks and Staying Ahead of Environmental Encroachment at the…
GFC Director Addresses Michael Aftermath
Devon Dartnell, director, market analysis and research, Georgia Forestry Commission, spoke on Hurricane Michael’s Impact on the Forest Resource…
Morbark Reveals Two Horizontal Grinders
Morbark, LLC debuted the 2400X and 3000X Wood Hog horizontal grinders at this year’s CONEXPO/CON-AGG show in Las Vegas. Both machines can be equipped…
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.