SynSel Energy secures financing for $300 million Michigan biorefinery

In Michigan, SynSel Energy, developers of the proposed $300 million biorefinery in Ontonagon, say they have finalized financing for the project at the at the site of the former Smurfit-Stone paper and are ready to move forward with construction but declined to name the project’s investors. The facility will produce cellulosic ethanol from wood pulp and waste wood but will still need support from the state such as dredging the harbor and bringing the local rail line back into operation.