Iogen Wants Loan Guarentees for Idaho Plant

Cindy Zimmerman

Iogen Iogen officials say they want to build a $300 million plant to make ethanol from barley straw in Idaho, but they are waiting on loan guarantees from the U.S. Department of Energy that would cover any losses investors might have if the project failed. The Ottawa Sun reports the company would like to start building in the fall of 2007. The plant and a straw assembly facility would employ up to 200 people. Iogen has already contracted with 320 farmers to provide 400,000 tonnes of barley straw a year. An announcement on the loan guarantees is expected in early October.

Cellulosic, Ethanol