It’s a Go for MSW-to-Ethanol Plant Near Chicago
by Kris Bevill (Ethanol Producer Magazine) A long-proposed municipal solid waste (MSW)-to-ethanol project in Lake County, Ind., has locked in the financing needed to construct the facility and is expected to undergo construction in July. Powers Energy of America Inc. plans to construct a 42 MMgy facility in Schneider, Ind., approximately 35 miles south of Chicago, which will begin producing ethanol and electricity in 2013.
…Powers said his company has been working with a hedge fund for more than six months to secure $600 million for the construction of two identical facilities, one in Schneider and the other in Fairfax County, Va., near Washington D.C. The hedge fund agreed to supply the necessary amount in exchange for stock in the company, he said.
…Powers Energy will employ a gasification process to convert MSW from nearby communities to ethanol and electricity. The technology is the same as what is being used by Ineos Bio, which is currently constructing an 8 MMgy vegetative waste and MSW-based ethanol plant near Vero Beach, Fla. READ MORE and MORE (Advanced Biofuels USA) and MORE (various)
