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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ALC Rising To Challenges
One really bright spot concerning the American Loggers Council is the organization’s resilience as the pandemic slowly fades away: Many organizations and trade associations took a beating during the pandemic, but the ALC is surviving remarkably well and moving ahead on a variety of fronts. Two news items this month underline the importance of having an association like the ALC to provide a national voice for the logging industry as various issues come up…
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