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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American Loggers Council Gathers In Maine
Loggers and industry advocates from throughout the U.S. (and beyond) converged on the little town of Newry, Me., October 4-6 for the American Loggers Council’s 2023 Annual Meeting. Maine’s own Andy Irish ended his 2022-2023 term as ALC President by hosting the event in his home state, offering his peers from other regions a sample of the local culture, cuisine and logging techniques…
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