Ensyn could build a facility in Maine if it secures 7 million gallons of offtake

In Maine, Ensyn is looking to source enough customers in the state to justify investment in a commercial scale biofuel facility similar to the 10.5 million gallon per year $78 million plant it is building in Quebec and the 20 million gallon facility planned for Georgia based on technology the company developed and tested in Ontario. The company has a $70 million loan guarantee from the US Department of Agriculture for the Georgia plant.  Ensyn says it would need offtake agreements for about 7 million gallons in Maine to justify the investment.

Ensyn: The Digest’s 2015 5 Minute Guide