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
Pinnacle CEO Rob McCurdy Is Retiring
Pinnacle Renewable Energy announced that Rob McCurdy has notified the company’s Board of Directors of his intention to retire as Chief Executive Officer in May…
Europe’s Largest Pellet Producer Comes To Atlanta
Graanul Invest, Europe’s largest producer of industrial wood pellets, is bound for the Wood Bioenergy Conference & Expo, March 10-11, at the Omni Hotel at CNN Center…
Drax Appoints White To Lead U.S.
Drax Appoints White To Lead U.S.Drax Biomass, Inc. announced that Matt White is its new Senior Vice President overseeing Drax’s U.S. biomass operations from its headquarters in Monroe, La. Drax Biomass operates industrial wood pellet plants in Bastrop, La.; Urania,...
Enviva Pellet Plant Receives Thumbs Up
Enviva Pellet Plant Receives Thumbs UpEnviva, the world’s largest producer of wood pellets, reports that the Alabama Dept. of Environmental Management (ADEM) approved a permit allowing Enviva to construct a wood pellet facility in Sumter County. This permit paves 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.