Range Fuels secures $80 million loan guarantee from USDA for 100 Mgy cellulosic ethanol plant

In Georgia, Range Fuels announced that it has secured an $80 million loan guarantee through the US Department of Agriculture that will assist with the financing of its 100 Mgy wood-waste gasification cellulosic ethanol plant. The plant was scheduled previously to be open in early 2009, but had been delayed in construction and will now open in 2010. Range previously had raised more than $100 million in venture capital in 2008, and obtained a $76 million grant from the Department of Energy for the plant’s construction.

The loan guarantee program was part of the 2008 Farm Bill, which authorized loan guarantees of up to $250 million for advanced biofuels projects.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Biofuels Digest Special Report on Gasification & Pyrolysis: Cellulosic ethanol pioneer Range Fuels

Range Fuels uses a gasification-to-ethanol process to convert wood chips to cellulosic ethanol. Earlier this year, Range announced that it secured an $80 million loan guarantee through USDA that will ...

Bluefire Ethanol receives DOE loan guarantee for California waste-to-ethanol project

Bluefire Ethanol Fuels was invited by the US Department of Energy to participate in its loan guarantee program. BlueFire was recognized for its proposed commercial-scale cellulosic ethanol plant using...

Sustainable Fuel receives $4 million USDA loan guarantee for Louisiana waste grease, landfill biodiesel project

In Louisiana, Sustainable Fuels has received $4 million in loan guarantee support from the USDA for their 5 Mgy multi-feedstock biodiesel plant using waste grease and landfill material. The project wi...

Minnesota’s SoyMor Biodiesel is soy-only no more; USDA announces $25 million conversion loan under Bioenergy Assistance Program

In Minnesota, Agriculture Secretary Tom Vilsack announced a $25 million loan to SoyMor Biodiesel that will enable the 30 Mgy Minnesota plant to convert from soybean oil to a multi feedstock configurat...

Bluefire Ethanol closes $15 million financing to support Southern California cellulosic ethanol project

In California, BlueFire Ethanol Fuels closed a $15 million financing round to provide working capital and project funds for its 17 Mgy cellulosic ethanol project in Southern California. In the fina...

BlueFire Ethanol proceeds to Stage Two of DOE Loan guarantee process

In California, the Department of Energy has determined that BlueFire Ethanol has met the requirements of Part One of the loan guarantee application process, and have invited the company to proceed ont...