Biofuels Digest’s 5-Minute Guide to Loan Guarantees: who got ’em, what’re they doing?

July 29, 2013 |

Projects open for business

INEOS Bio

INEOS-Bio-Vero-Beach

In Vero Beach, Fla., the INEOS New Planet BioEnergy received a $75 million loan guarantee to construct and operate its biorefinery capable of producing 8 million gallons-per-year of cellulosic ethanol and gross electricity production capacity of 6 MW.  The feedstock for the process will include primarily vegetative waste (citrus and agricultural wastes), yard wastes, wood waste, and municipal solid waste. The project has been mechanically completed and has already commenced distributing renewable power to the grid.

Myriant

Myriant

In Massachusetts, word arrived from Myriant last month that they have reached mechanical completion at their first small commercial (30 million pound) plant in Lake Providence, Louisiana. In December 2010 Myriant broke ground on that facility and anticipates beginning commercial production over the next few months. As we noted in the Digest then, a takeaway is that “Bond financing works. The Lake Providence plant was financed with an innovative bond financing structure put together by the trio of Stern Brothers, Mintz Levin and Kreig DeVault. “The financing has opened up an opportunity,” said Myriant CEO Steve Gatto. “The bond transaction was very successful. Same type will be used again. The goal is to move to a project finance model.

Sapphire Energy

farm-sapphire

We covered the Sapphire Energy Green Crude Farm here in today’s Top Story.

In today’s Digest – visit our 5-Minute Guide to Loan Guarantees — Abengoa, Chemtex, Enerkem, Fiberight, Fulcrum, ZeaChem – Plus POET-DSM, Diamond Green Diesel, Coskata and Range Fuels – by following the page links below.

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