$45m Refinery Project On Hold Fdc to Reassess Market Opportunity of Proposed Biomass Facility

Summary

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A proposed $45 million refinery project that would turn forest products into clean-burning oil and fuel 25-megawatt electrical plants is on hold, proponents said Wednesday.

Baileyville, Jay, Lincoln, Millinocket, Old Town, Presque Isle, Skowhegan and Waldoboro are among the communities that have been considered as sites for the initial refinery, the first in a proposed series.

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Extract

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$45m Refinery Project On Hold Fdc to Reassess Market Opportunity of Proposed Biomass Facility

But environmental permitting costs and changes in the quick- paced experimental energy market are giving pause to the Fractionation Development Center, a Rumford-based nonprofit promoting Maine biomas...

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