Fiberight secures major equity investor for Maine trash-to-ethanol project

In Maine, Fiberight has teamed with Covanta Energy Corp. on a major 15-year deal where the company will invest a major equity stake in the planned $69 million trash-to-ethanol facility in Hamden as well as build and operate it. The company owns 40 other waste-to-energy facilities. The planned facility would produce fuel from 150,000 tons of garbage from 187 towns in the state that is currently burned to produce electricity but the individual communities must commit to supply feedstock by the middle of 2016 or the project won’t go through.