Enerkem gets loan guarantee for Pontotoc plant
by Wally Northway
Published: January 21,2011
Tags: biofuels, energy, environment, Ethanol, federal government, manufacturing
PONTOTOC — Enerkem Inc. announced that Enerkem Corporation, its wholly-owned U.S. affiliate, has obtained a conditional commitment for an $80-million loan guarantee by the U.S. Department of Agriculture (USDA) for the construction of its waste-to-biofuels (ethanol) project in Pontotoc.
The loan guarantee is part of the USDA 9003 Biorefinery Assistance Program and follows an award of up to $50 million from the U.S. Department of Energy, announced in late 2009, for this facility.
Enerkem’s biorefinery operation in Pontotoc — a 300-ton-per-day facility located on the Three Rivers landfill site — will initially produce 10 million gallons of ethanol annually from sorted municipal solid waste. The project is expected to create more than 70 permanent jobs.
![[Print]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
![[Digg]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/digg.png)
![[Facebook]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
To sign up for Mississippi Business Daily Updates, click here.
Recent Posts
- Former state Sen. Lee dies of cancer at age 74
- After complaints, LeFleur’s Bluff golf course getting new management
- City looking to push out closer to highway bypass
- Supervisors hoping to land federal grant for airport improvements
- City decides against privatizing public works department
- Gagnon named new president/CEO of Pearl River Resort
- UMMC unveil plans to build new $35M research facility
- Florida man pleads guilty to temporary work visa fraud
POST A COMMENT