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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New Pellet Mill Entices Area Sawmills
Some Georgia sawmills will have a new market for their byproducts as Spectrum Energy Georgia LLC plans to begin construction this summer of the largest industrial wood pellet facility in the world at Adel, Ga. and expects to commission the plant 12 months later, or summer of 2024. The plant will operate at the site of an idled particleboard facility. The plant will have the ability to receive and process all forms of biomass, including sawmill residues (chips, sawdust and shavings), pulpwood, top wood, and in-woods chips…
Your Tax Dollars Not At Work
Article by Rich Donnell, Editor-in-Chief, Timber Processing March 2023 –You may be aware of our affiliate magazine, Panel World, which covers the structural and non-structural wood panel industries in a similar way that Timber Processing covers the lumber industry. Recently in Panel World we ran a…
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