Red Rock Biofuels to sell bonds in order to secure gap funding

May 3, 2021 |

In Oregon, the Lake County Examiner newspaper reports that Red Rock Biofuels confirmed it has run out of funding for its first of a kind aviation biofuel project, so is leveraging its $300 million in existing property and assets to raise funding through bonds. Redesigns meant to boost production capacity by 15% have led to additional costs, while the overall original scope of the project is about 75% complete but with the new scope it’s about 60% or so. Depending on when the bonds are sold, the facility could still be online by February 2022. 

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Category: Fuels

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