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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Ponsse has launched a series of new products to improve productivity in sustainable harvesting, including the Ponsse Scorpion Giant harvester and the Ponsse Mammoth forwarder. The Scorpion Giant harvester adds to the Scorpion product range, which was completely upgraded in 2021. It was developed to have more tractive effort, which helps the harvester to be agile even in challenging conditions, including snow, steep slopes and soft terrain. The Scorpion…
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