The financing concludes all necessary funding to complete the project and will be used for equipment, engineering and construction of the BioEnergy Center.
Located near Vero Beach, the BioEnergy Center will produce eight million gallons of advanced biofuels and six megawatts (gross) of renewable power annually from renewable biomass including local yard, vegetative and household wastes.
INEOS Bio’s feedstock-flexible BioEnergy technology will be used by the project to turn different types of waste materials, including municipal solid waste, into advanced biofuels and renewable power.
Construction on the power project is underway and will be complete by April 2012.
