Maine Biofuels Plant Permitting In Process
Officials with the Castlerock Biofuels plant in Millinocket, Maine say permitting is in process and much of the engineering complete for the “biocrude” manufacturing plant that will produce 20 million gallons of institutional and commercial fuel annually. Built on the site of the former Great Northern Paper mill, the facility is projected to utilize 300,000 green tons of biomass material a year.
Castlerock Biofuels CEO John Murphy is excited that local landowners support the project and studies show feedstock availability that exceeds the plant’s needs. The $200 million plant is scheduled for commercial operation in 2027.
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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…
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