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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Industry Wins Black Hills Appeal of Reduced Harvest
Officials with the Black Hills Forest Resources Assn. (BHFRA) have prevailed in an appeal of a 2021 decision to drastically reduce future timber harvests on the Black Hills National Forest. In February 2021, the Forest Service (FS) Rocky Mountain Research Station in Fort Collins, Colo., issued general technical report (GTR) 422. The report detailed timber inventory assessments and projected growth rates that…
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