SynSel secures $300M in construction funds for biofuel plant

In Michigan, SynSel has secured $300 million in construction funds to move forward on a former paper mill site that SynSel is converting to a biofuel plant. While taking longer than planned, the Synsel plant is expected to bring hundreds of new jobs to the Ontonagon area but will require expansions to local rail systems and the local airport to handle the biofuel operation.

Economic Development Commission member Pat Tucker who owns the former paper mill site that SynSel is planning on building the biofuel plant on, told The Mining Gazette, “We have secured the deposits, those are in the middle of being transferred to the appropriate accounts… that should be completed within a couple of weeks.”