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October 10, 2014

$91 Million Loan Guarantee To Louisiana Biofuel Plant


On October 3, 2014, Agriculture Secretary Vilsack announced that USDA reached an agreement with Silicon Valley Bank to provide a $91 million Biorefinery Assistance Program loan guarantee to Cool Planet for a biofuel plant in Rapides Parish, Louisiana. The money will help finance construction of the Cool Planet advanced biofuel plant. The USDA press release is available online.

More information is available here and here.