ADVANCED BIO-REFINING GETS FED BACKING
Energy Department Finalizes $105 Million Loan Guarantee for First-of-its-Kind Cellulosic Bio-Refinery in Iowa; It is expected to generate around $14 million in new revenue to area farmers who will provide the corn crop residue.
26 September 2011 (World of Renewables)
"…[The U.S. Department of Energy] finalized a $105 million loan guarantee to support the development of one of the nation's first commercial-scale cellulosic ethanol plants. Project LIBERTY, sponsored by POET, will be built in Emmetsburg, Iowa and is expected to produce up to 25 million gallons of ethanol per year. POET estimates the project will fund approximately 200 construction jobs and 40 permanent jobs. It is expected to generate around $14 million in new revenue to area farmers who will provide the corn crop residue…"
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"Project LIBERTY’s innovative process uses enzymes to convert cellulose from corncobs, corn leaves and corn husks into ethanol. The facility will produce enough biogas to power both Project LIBERTY and most of POET’s adjacent grain-based ethanol plant. POET plans to replicate its unique process so that it is integrated into all the company's 27 grain-ethanol plants for a combined annual capacity of one billion gallons per year of cellulosic ethanol. The company estimates that 85 percent of Project LIBERTY will be sourced with U.S. equipment…"