Friday, January 27, 2012

Dept. of Agriculture Gives $235 Million Loan to Ethanol Company

So, just how many federal agencies are going to play venture capitalist? The Oregonian reports:
In a few years, you could be filling up with fuel made from Oregon poplar trees, wheat straw and corn stalks.

Financed in part with a $235 million loan guarantee from the U.S. Department of Agriculture announced today, ZeaChem plans a $390 million biofuel refinery in Boardman capable of producing up to 25 million gallons of ethanol per year.
 

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