The Future of BioEnergy

15/02/2011 at 6:30 am Leave a comment

The nation’s first, full-scale, commerical bioenergy facility broke ground in Florida last week, marking one giant leap for making commercial fuel-grade ethanol available at every gas station nationwide.

The $130 million Indian River BioEnergy Centre in Vero Beach, Florida aims to consume 150 000 tonnes of waste material which in turn will produce eight million gallons of bioethanol each year and six megawatts of renewable power using local yard, vegetative and household wastes.

INEOS Bio of Lisle, Illinois  is behind the technology for the facility, while New Planet Energy is building and operating it.

This project is part of the ongoing effort to reduce U.S. dependence on foreign oil, spur the creation of the domestic biorefining industry and provide new clean tech jobs throughout the country.

The companies received a $2.5 million grant from the State of Florida for the project, as well as a $50 million grant from the U.S. Dept. of Energy in 2009.  It also received a conditional commitment for a $75 million loan from the U.S. Dept. of Agriculture.

The plant should be operational in the first quarter of 2012 and making product later that summer.

Entry filed under: Business, Cleantech, Economy, Environment, Sustainability. Tags: , , , , , .

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