Two companies trying to lay claim to having the first commercial-scale cellulosic ethanol plant in the U.S. have secured financing to get closer to that goal.
Range Fuels on Monday said that it expects to receive an $80 million loan guarantee from the U.S. Department of Agriculture to build an ethanol plant in Soperton, Ga.
The plant, which will use wood chips from neighborhood pine forests as feedstock, is on track to begin producing next year.
Range Fuels uses a thermo-chemical process called gasification where chips are converted into a synthetic gas and then made into ethanol.
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