New biofuels project taking off in Nevada

STOREY COUNTY, Nev. (KOLO) - A new Sierra Biofuels plant at the Tahoe-Reno Industrial Center will transform trash generated by homes and businesses into renewable transportation fuels.

"The fuel that we are producing has to be competitive to fossil fuels. Even though it has a fraction of the carbon, we have to produce and sell it competitively. We can produce it for less than a dollar a gallon," said Jim Macias, Fulcrum President and CEO.

The first-of-its-kind project will convert approximately 175,000 tons of waste low-carbon jet fuel in a competitive price, if compared to fossil fuel.

For airlines, the project means less expensive and cleaner fuel.

"This is going to help us hedge against the volatility of traditional fuel. You see now the fuel prices are increasing. We will know what we will pay for the fuel and most importantly it will help us reduce the impact on the environment," said Charlie Hobart, United Airlines spokesperson.

The Sierra BioFuels Plant begins operations in 2020.