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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Loggers Gather For OLC Show
EUGENE, Oregon – Loggers across the Pacific Northwest and plenty of points farther away made the trip to Eugene the last weekend of February for the 85th Oregon Logging Conference. The event included everything every logger needs (outside of a better cut-and-haul rate!) when it comes to equipment and tools for getting the job done, including not only the very latest in high performance timber harvesting equipment and machinery, but also the leading edge technology behind it driving production and efficiency gains…
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