Fiberight $20M facility gets green light

In Iowa, Marion has approved a $20M solid waste to compressed biogas facility operated by Fiberight. The company, which was backed by a $25M loan guarantee from the USDA, a $2.9M grant from the Iowa Power Fund, and $20M in private investment, is scaling up from its currently operating demonstration facility in Virginia. The plant will sort up to 400 tons of garbage each day, and leftover waste will be sent to a shuttered ethanol plant in Blairstown, which Fiberight has recently purchased and is in the process of upgrading. The Iowa plant must be open and running by January 1, 2015, or else Marion may void the agreement.

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