First Iowa Cellulosic Ethanol Plant Gets $105m Loan Guarantee From DoE
If it seems like you've read a variation of the above headline before you're not wrong, and as much as anything it's a sign of the rock road cellulosic ethanol and biofuels in general have had in the past few years. The details: The Department of Energy has given a $105 million loan guarantee to POET to build what hopes to be the first commercial-scale cellulosic ethanol plant in the Iowa. The plant to be built in Iowa will use corn cobs, leaves, husks and stalks to produce biofuel. The plan right now is to have the 25 million gallon plant completed by 2013.Note to Senator Tom Harkin (D-IA): Touting this plant as "Project Liberty" is painfully cliché.