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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Idaho Loggers Take Issues To The Capitol
The annual “Loggers and Haulers Day at the Legislature” was a success as 20 Idaho loggers made the trip to Boise for the March event sponsored by Associated Logging Contractors-Idaho. According to a report from ALC-Idaho President Mark Mahon, the group met with members of the Idaho Land Board, worked with the Idaho Dept. of Lands and Idaho Dept. of Transportation and also met with key officials including the speaker of the house, lieutenant governor and governor…
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