Feds award rural development money to 5 Maine biofuel firms

Posted March 07, 2014, at 2:06 p.m.

BANGOR — Five Maine biofuel producers will share $78,280 in U.S. Department of Agriculture rural development payments announced Thursday.

Portland-based Maine Biofuel Inc. received $53,344 for the production of 90,871 gallons of biofuel.

Corinth-based Corinth Wood Pellets LLC received $1,524 for the production of 3,064 metric tons of wood pellets.

Strong-based Geneva Wood Fuels LLC received $5,888 for the production of 9,605 metric tons of wood pellets.

Athens-based Maine Woods Pellet Company LLC received $15,493 for the production of 25,951 metric tons of wood pellets.

Ashland-based Northeast Pellets LLC received $2,031 for the production of 2,453 metric tons of wood pellets.

The payments are part of nearly $60 million made to 195 producers to “support the production of advanced biofuel,” according to a USDA release.

The funding is provided through the Advanced Biofuel Payment Program, which was established in the 2008 Farm Bill and reauthorized in the recently signed 2014 Farm Bill.

“This important investment by USDA Rural Development supports Maine’s four pellet manufacturing companies and one transportation biofuel producing company,” USDA Rural Development State Director Virginia Manuel said in the release.

More information about USDA Rural Development programs is available at the program’s offices in Bangor, Presque Isle, Lewiston and Scarborough or online at www.rurdev.usda.gov/me.

 

SEE COMMENTS →

ADVERTISEMENT | Grow your business
ADVERTISEMENT | Grow your business

Similar Articles

More in Business