Biofuels Project Sinks
The Red Rock Biofuels project in southern Oregon appears headed for foreclosure according to notices published in the Lake County Examiner newspaper in late December after the company failed to make principal and interest payments on some $300 million in debt. The notice set a February 4 payment deadline with a property auction scheduled for February 9. Originally scheduled for completion in 2017, the plant was going to use biomass from regional forests to produce sustainable aviation fuel (SAF) and was boosted by a $75 million Dept. of Defense grant and fuel commitments from FedEx and Southwest Airlines, plus state and local incentives and infrastructure improvements.
Cost overruns, process re-engineering, COVID-related delays and bankruptcy of a key supplier all affected the project. Construction had begun and there’s lots of equipment and machinery on site. Officials say there have been no public efforts to find a buyer to complete, repurpose or move the refinery.
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PLIB Partners With TP&EE
Hatton-Brown Expositions and Pacific Lumber Inspection Bureau announce that PLIB will participate in the Preferred Partner program with Hatton-Brown’s Timber Processing & Energy Expo (TP&EE), which will be held September 28-30 at the Portland Exposition Center in Portland, Ore…
Pres-To-Logs Has History Of Its Own
Article by Rich Donnell, Editor-in-Chief, Timber Processing April 2022 – The story in this issue on North Idaho Energy Logs, written by David Abbott, caught my attention at the mention of Pres-to-logs. Much of the Idaho company’s success in wood energy markets is because of its energy logs or fire logs composed of…
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