USDA said it is negotiating loans for biorefineries in Iowa, North Carolina and Oregon that would make renewable fuels out of woody plants, municipal solid waste and “energy” grasses such as miscanthus.
Fulcrum Sierra Biofuels will receive a $105 million loan guarantee to build a plant in McCarran, Nev, to produce biodiesel jet fuel from municipal solid waste, said the Agriculture Department. The plant would produce 11 million gallons a year of fuel. The loan guarantee is nearly half of the $226 million cost of the plant. Cathay Pacific Airways said last month that it would invest in Fulcrum Bioenergy and negotiated a 10-year contract with Fulcrum for 375 million gallons of fuel.
USDA said it is negotiating loans for biorefineries in Iowa, North Carolina and Oregon that would make renewable fuels out of woody plants, municipal solid waste and “energy” grasses such as miscanthus.