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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Grant Is Secured For New Montana Sawmill
Kootenai River Development Council of Libby has received $17,800 in grant funding from the Big Sky Economic Development Trust Fund of the Montana Department of Commerce for the purpose of bringing a sawmill to Libby. The grant request was written by Paul Rumelhart,...
Colorado Mill Operating Again, But Short-Term Future Uncertain
When Jim Neiman of Neiman Enterprises purchased Montrose’s Intermountain Resources LLC out of receivership in September, he said he hoped to fill 85 to 90 jobs. Neiman has experienced a few hiccups over the past two months, but his sawmill — renamed Montrose Forest...
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