Cellulosic Firm Surpasses $100 Million in Funding
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Posted by Cindy Zimmerman – April 1st, 2008
Range Fuels has announced that it has received private financing totaling over $100 million to complete the construction of the first phase of its commercial cellulosic ethanol plant located near the town of Soperton, Georgia. The first phase of construction for the Soperton Plant is targeted to produce approximately 20 million gallons of ethanol and mixed alcohols per year and is scheduled for completion in 2009.
Range Fuels uses a thermo-chemical process compared to most competing cellulosic processes which use biochemical technology.
The company will use woody biomass in the form of sustainably harvested forest trees and waste materials from Georgia forests.