Biofine looks at new biofuel refinery development on former mill property

In Maine, the Bangor Daily News reports that Biofine Developments Northeast Inc. reached a tentative agreement with Lincoln and Lincoln Lakes Innovation Corp. to open a multi-phase biofuels refinery development on a former Lincoln mill property.

“Biofine Developments Northeast, a Maine-based subsidiary of the Massachusetts company Biofine Technology, uses a technology that uses waste wood products to produce ethyl levulinate, which it says is a carbon-neutral substitute for home heating oil,” according to Bangor Daily News.

The company has developed its technology with the help of a grant from the Maine Technology Institute and support from the University of Maine’s Forest Bioproducts Research Institute. Those ties led the company to consider various sites in Maine as a potential hub for the biofuel development site, Mike Cassata, BDNE’s chief development officer told the Bangor Daily News.