In California, Fulcrum BioEnergy announced two deals to acquire waste biomass for its Sierra BioFuels Plant, a $120 million project located approximately 20 miles east of Reno, Nevada in the Tahoe-Reno Industrial Center in Storey County. Fulcrum recently received a DOE Loan Guarantee term sheet for the Sierra project and has begun the negotiation process with a goal of closing and funding the loan during the first quarter of 2011.
Fulcrum announced a partnership with Waste Connections of California for the supply of post-sorted municipal solid waste to the Sierra BioFuels Plant. Waste Connections provides solid waste collection, transfer, disposal and recycling services and serves more than two million residential, commercial and industrial customers from a network of operations in 27 states.
Fulcrum also announced a 15-year feedstock supply agreement with Waste Management of Nevad, a subsidiary of Waste Management. When it begins commercial operations in late 2012, the Sierra plant will process household garbage into 10.5 million gallons of ethanol per year.
Category: Producer News