The guarantee will allow the Coskata supported facility to move forward with financing the construction of a 55 million gallon per year cellulosic ethanol facility in Greene County, Alabama.
The company said that this is a project financing mechanism defined by the USDA 9003 Biorefinery Loan Guarantee Program.
Coskata CEO William Roe said that this is a first step that will facilitate Coskata working with the USDA, and proceeding to raise the balance of the capital needed for the project.
