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

July 29, 2013 |

Loan guarantees abandoned by applicant

POET-DSM

POET-DSM

In light of its joint venture with DSM, POET announced its plans to abandon the loan guarantee it was awarded by the U.S. Department of Energy (DOE). POET received a commitment for a $105 million loan guarantee to finance Project LIBERTY on September 23, 2011.

Diamond Green Diesel

diamond-green-diesel

In 2011 Diamond Green Diesel, after securing a DOE Loan Guarantee, announced that it had secured financing for the planned construction of its renewable diesel facility in Norco, Louisiana.  Financing will be provided internally by a subsidiary of Valero Energy Corporation. To date, Diamond Green Diesel was the first bioenergy project in the six years of the DOE Loan Guarantee program that had proceeded as far as a conditional loan guarantee commitment.

Coskata

coskata

In 2012, the USDA extended a conditional loan guarantee for $89 million related to a proposed Coskata project in Alabama. “We’ll keep the project alive with conditional loan guarantee commitment; as we don’t expect to look to USDA to allow us to use this for a different purpose. We’ll see if there is a change to the RFS or not. Boligee will not be the site of our first project,” Roe confirmed to the Digest.

Defaults

Range Fuels

lanzatech

Received a $64 million loan guarantee for its thermochemical cellulosic biorefinery in Soperton, Ga., (which closed on March 3, 2010). The facility is now owned and operated by LanzaTech.

In today’s Digest – The Digest’s Take on Loan Guarantees — by following the page links below.

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