Sweetwater Energy seeking $18 million loan state loan to unlock remaining funding

In New York state, Iron Range Resources & Rehabilitation Board will consider granting a $18 million agency 15-year loan to Sweetwater Energy Inc so the company may access more than $16 million in commercial debt, $7 million more in various other public funding and more than $10 million in equity investment. The project seeks to establish four plant modules to produce cellulosic sugars from wood in the town of Mountain Iron. The first of the four units should be online for 2018, two more in 2019 and the final in 2020.