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Enerkem gets loan guarantee for Pontotoc plant

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.

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