Posted by: Lawyer Sanders | May 22, 2008

U.S. DOE awards $30 million grant to Alltech for biofuel refinery.

On April 19, 2008, Alltech received a grant of up to $30 million from the U.S. Department of Energy (DOE) to be used towards the establishment of its rural community biorefinery. The plant will be located in Springfield, Kentucky and is estimated to employ 93 people when operating at full capacity. As part of the DOE proposal, Alltech’s rural community biorefinery will be one of the first in the United States to utilize cellulose, such as switch grass, corn cobs and corn stover, at raw material levels of up to 30 percent. The cellulose will be converted to ethanol and other value-added products.  In addition to the above grant, the project has received an incentive to the value of $8 million from the Kentucky Economic Development Finance Authority.  Alltech is headquartered in Lexington, Kentucky.  


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