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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‘Fungible Resource’? Not Loggers, As Survey Emphasizes Business Issues
Gathering up the results for this year’s Timber Harvesting Logger Survey, and reading the comments that go with each question is always one of the editors’ favorite parts of the survey report process. We repeatedly ask our readers to “Raise Your Voice” in responding to the survey, and once you add up all the comments we have well over 300 deep (and some not so deep) logger thoughts on a wide variety of topics…
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