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Truly Sustainable Renewable Future
April 17, 2012 – 10:42 am | No Comment

Advanced Biofuels are high-energy liquid transportation fuels derived from: low nutrient input/high per acre yield crops; agricultural or forestry waste; or other sustainable biomass feedstocks including algae.  The key word is “sustainable.”
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Home » Agriculture, BioRefineries, Biorefinery Infrastructure, Business News/Analysis, California, Federal Agency, Infrastructure, Nevada, Not Agriculture, Process, R & D Focus

Fulcrum Receives Conditional USDA Loan Guarantee for Nev. Plant

Submitted by on August 8, 2012 – 1:30 pmNo Comment

by Sue Retka Schill (Biomass Magazine) Fulcrum BioEnergy Inc. received a $105 million condition loan guarantee from the USDA, putting its planned 10 MMgy Sierra BioFuels Plant closer to groundbreaking. “This USDA loan guarantee provides a key piece of financing to move our Sierra BioFuels project forward,” said E. James Macias, Fulcrum’s president and CEO.  “It allows us to secure private bank financing at reasonable prices and with favorable terms.  This is a real example of how USDA’s Rural Development Program helps bring new and innovative technologies and jobs to some of the areas hardest hit by the economic downturn.”

“It will be early next year before we break ground, and 18 months after that before we’re ready to commercially produce ethanol,” said Rick Barraza, vice president of administration. The property has been acquired, the necessary permits in place, and Fluor Corp. has completed the engineering plan.  READ MORE and MORE (Biofuels Digest) and MORE (Bloomberg) and MORE (Las Vegas Sun) and MORE (CBS News)

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