USDA Release About Fulcrum Sierra Biofuels:
Agriculture Secretary Tom Vilsack today announced that USDA has closed on a loan guarantee to Fulcrum Sierra Biofuels, LLC to build a biorefinery to produce jet fuel from municipal solid waste.
"This represents a huge step forward in the development of clean, renewable, job-creating American fuels," Vilsack said during a speech at the National Clean Energy Conference. "The nation is entering a new energy age that will make us more energy independent, cut carbon pollution and strengthen our economy, especially in rural communities where clean fuels will be produced."
USDA is awarding Fulcrum a $105 million Biorefinery Assistance Program loan guarantee through Bank of America, N.A. to construct a facility in McCarran, Nev., to convert municipal solid waste to
biodiesel jet fuel. USDA Rural Development's loan guarantee represents less than half of the $266 million project cost. The plant is expected to produce 11 million gallons of fuel annually.
This is the first loan guarantee USDA has made for the production of bio jet fuel.
Fulcrum will produce synthesis gas from 147,000 tons of municipal solid waste and catalytically convert it to synthetic paraffinic kerosene/jet fuel through a proprietary technology. The plant will be the first of what the company expects to be several bio jet fuel plants throughout the country.
Last month, Cathay Pacific Airways announced that it is investing in Fulcrum Bioenergy Inc., the parent company of Fulcrum Sierra BioFuels, LLC, and has negotiated a long-term supply agreement with Fulcrum for 375 million gallons of sustainable aviation fuel over 10 years. This would represent about 2 percent of the airline's annual fuel consumption.
LAS VEGAS (AP) - The developer of a northern Nevada biofuel production plant declared his project ready for construction, after receiving a federal loan guarantee for about half the cost.
Fulcrum BioEnergy chief E. James Macias said during the start of Thursday's annual National Clean Energy Summit that the Sierra BioFuels Plant in Storey County will cost $200 million and take two years to build.
Macias says construction will start this year in the same McCarran, Nevada, industrial park that will host a $5 billion factory for carmaker Tesla to produce batteries.
Federal Agriculture Secretary Tom Vilsack joined Senate Majority Leader Harry Reid and Macias in announcing the $105 million loan guarantee.
The plant will convert 200,000 tons of trash per year from the Lockwood Regional Landfill in Sparks into diesel, maritime and jet fuel.
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