USDA provides $99m loan guarantee for cellulosic ethanol refinery

22 August 2012 19:36  [Source: ICIS news]

HOUSTON (ICIS)--The US Department of Agriculture (USDA) will provide a $99m (€79m) loan guarantee for a planned 20m gal/year (75.7m litre/year) cellulosic ethanol refinery in North Carolina, officials said Wednesday.

Construction of the plant, by chemical engineering and technology company Chemtex, is expected to begin in late 2012 at a site in Sampson county in eastern North Carolina.

After starting up in 2014, the facility will convert 600,000 tonnes of grasses/year into cellulosic ethanol, using a proprietary enzymatic hydrolysis process.

Agriculture Secretary Tom Vilsack said that the project was “a perfect example of how producing home-grown energy is good for the economy and good for our energy future."

Vilsack added that the plant was expected to create 65 full-time jobs and about 250 indirect jobs in areas such as feedstock supply, maintenance and transportation.

Check out Doris de Guzman’s Green Chemicals Blog for views on sustainability issues

By: Stefan Baumgarten
+1 713 525 2653

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