Biofine seeking investors to scale up wood-based biofuel technology in Maine

May 4, 2017 |

In Maine, Biofine is seeking investors to help it scale up the wood-based biofuel technology developed by the Forest Bioproducts Research Institute. The company invested $200,000 in an old small-scale biofuel plant that was converted to run on the technology and demonstrate its viability. It’s now ready to scale up at the Old Mill facility where it is being tested or at other mill sites across the state that have shut down in recent years due to a decline in the pulp and paper industry.

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