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USDA announces guaranteed loan to Range Fuels for biorefinery

The U.S. Department of Agriculture announced in a press release this week that Range Fuels, Inc., a Colorado based firm with a planned biorefinery located near Soperton, GA, is the recipient of a loan guaranteed by USDA Rural Development to make cellulosic biofuel from wood chips. The deal, recently finalized, was first announced last year and represents the first ever loan guarantee by USDA to a commercial-scale cellulosic biofuel plant. This project is expected to provide biorefinery jobs, construction jobs and support the timber industry.

5:05 pm March 3, 2010 | | RSS 2.0 |
March 3, 2010