Red Rock Biofuels to be auctioned off Feb. 9 if debt payments aren’t made in time

January 9, 2023 |

In Oregon, the Oregonian newspaper reports that Red Rock Biofuels facility that has been under construction in Lakeview is facing foreclosure due to the inability to pay principal and interest payments on around $300 million in debt, with an auction scheduled for February 9 if the payments aren’t made five days before then. The wood waste-to-SAF project was supposed to come online in 2017, but ground wasn’t broken until 2018 and construction has been halted for at least a year. 

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Category: Fuels

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