Northwest company to benefit from USDA Biorefinery Assistance Program
The conditional commitment enables the financing and construction of ZeaChem’s first commercial-scale cellulosic biorefinery.
Award to Support Construction of ZeaChem’s First Commercial-Scale Cellulosic Biorefinery
ZeaChem Inc., a developer of biorefineries for the conversion of renewable biomass into sustainable fuels and chemicals, today announced it has been selected for a $232.5 million loan guarantee from the U.S. Department of Agriculture’s (USDA) 9003 Biorefinery Assistance Program. The conditional commitment enables the financing and construction of ZeaChem’s first commercial-scale cellulosic biorefinery, a state-of-the-art plant that will produce bio-based fuels and chemicals from woody biomass and agricultural residues with the highest yield, lowest capital cost, and lowest carbon footprint in the industry.
