The company hopes finalize the site of its first biorefinery within the next month and begin operation in 2023. The plant would process 100 tpd of lumber industry woody biomass and paper mill wastes to make 3 million gpy of competitively priced "zero-emissions heating oil as well as a side stream of marketable renewable chemical by-products.
Biofine is working with Treadwell Franklin Infrastructure Capital to bring the project to commercial scale and raise $70 million from private investors.
Biofine is a member of Biobased Maine, the trade group promoting sustainable manufacturing and biomass solutions. (Source: Biofine Developments Northeast Inc., Press Herald, Oct., 2020)
Contact: Biofine Developments Northeast Inc., www.biofinedevelopments.com
More Low-Carbon Energy News Woody Biomass, BDNE,