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January 27, 2012

Feds back $235M loan for Oregon biofuel plant

BOARDMAN, Ore. (AP) — The federal government said Thursday it would guarantee a large share of the financing for an eastern Oregon plant that would turn poplar trees and agricultural waste into ethanol.

The $235 million loan guarantee is for ZeaChem Inc. of Lakewood, Colo., which plans to produce 25 million gallons of the fuel a year at Boardman along the Columbia River. It has been working on a small demonstration plant there.


 
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