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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OLC Raises College Scholarship Funds
A group of 23 teams and many generous sponsors helped raise more than $61,000 at the 5th Annual Oregon Logging Conference Foundation (OLCF) Clay Target Tournament fundraiser held on September 8, 2023. Proceeds will provide college and technical scholarships to be awarded by the OLCF. “Once again we are very fortunate to be able to hold this fundraiser and at the end of the day, we raised more than $61,000 which will provide financial assistance to the next generation workforce in our industry,” said event chair and OLC Board Member Jeanne Shuttleworth…
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