Virdia secures an MDA loan commitment, begins its search for biofuels site

With the promise of a $75 million loan from the Mississippi Development Authority in hand, Redwood City, Calif.-based Virdia is ready to begin scouting for a site to convert the state’s soft pine into sugars for biofuel makers. Virdia wants a location near an ample supply of pine and must produce at least 150,000 tons [...] [...]