September 12, 2014
USDA Awards Fulcrum Sierra Biofuels, LLC $105 Million Loan Guarantee
The U.S. Department of Agriculture (USDA) has guaranteed a $105 million loan through Bank of America, N.A. to help Fulcrum Sierra Biofuels build a plant in McCarran, Nevada that would convert municipal waste into renewable jet fuel. The total project cost is expected to be $266 million and the plant is predicted to produce 11 million gallons of fuel per year. This loan was guaranteed as part of the Biorefinery Assistance Program that is included...