In Tennessee, Biofuels America has proposed a 30 Mgy, $62 million, 35-acre cellullosic ethanol project it has dubbed Project Tennessee . The project, which will utilize municipal solid waste and wood waste as feedstocks, is notable for the low capital investment ratio of $2 in initial investment per gallon of operating capacity, more in line with low-cost first generation ethanol than cellulosic ethanol. The project will also generate up to 15 MW of power for sale to the grid and internal use, and is expandable up to 100 Mgy in fuel capacity. The project is seeking to raise $20 million in equity funding, while SunTrust Bank is examining the provision of the debt, with an (up to 80 percent) debt guarantee under the US Department of Labor’s Bio-refinery Assistance Program. The project will be located in Marion County.
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Biofuels America proposes low-cost 30 Mgy cellulosic ethanol plant in Tennessee
