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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Oregon Loggers Working To Find, Develop New Employees
Throughout three days of the Oregon Logging Conference (OLC), the effort to reach young people and find new employees from all walks of life was a focus of the show. Of course, everyone loves to prop the little kids in an operator’s cab, but the OLC has refined their show’s outreach to focus primarily on high-school aged students who are soon to be making decisions on work and career choices…
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