Back in June, Canadian biotechnology company Iogen was waiting on loan guarantees from the U.S. Department of Energy to build a $500 million cellulosic ethanol plant in Idaho.
The company is still waiting, according to a report from McLatchey Newspapers.
According to the article, the loan guarentee is being held up because the U.S. Department of Energy office in charge of the process has only one employee and there’s no money to hire more staff to deal with the more than 100 applications that have been submitted so far.
Congress authorized the Department of Energy to back loans for new energy technologies “a year and a half ago,” said Jeff Passmore, Iogen’s executive vice president, “and we still don’t have a loan guarantee initiative up and running. That’s disappointing.”
The company has everything in place to break ground in Shelley, about 10 miles from Idaho Falls, including equity from such investors as Shell Oil. But it can’t close on an approximately $200 million loan without a government-backed loan guarantee.


Democratic presidential candidate Tom Vilsack, former governor of Iowa, unveiled his plan for energy security during a speech in San Francisco Tuesday.
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The round “I Drive E85, the future of Clean Air” magent is big enough to make a statement, yet small enough to fit tastefully over the outside of a vehicle’s fuel door.
There are also coffee mugs, hats, clings, key rings and more available to
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Registration for the conference has already reached capacity and is officially closed, although there is a waiting list. But Domestic Fuel reporter Chuck Zimmerman will be on hand to cover the event live and post all of the happenings on to the official Ethanol Conference Blog and highlights here on Domestic Fuel, sponsored by the
A California-based company will begin providing natural gas created from animal waste to the state’s largest electricity provider by this summer.
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