The grant has been awarded as a part of the US Forest Service woody biomass utilization grant program.
The funds will be utilized for detailed engineering to optimize the plant’s ability to utilize low value biomass such as logging residue and residues from hazardous fuel reduction operations in the forests.
Rollcast president Penn Cox said the award will move the biomass project forward.
"This grant will help us utilize more low grade woody biomass from thinning and hazardous fuel treatment operations," Cox added.
USFS Southern Region biomass coordinator Dan Len said the Greenway Renewable Power Project will achieve objectives for the agency.
"These objectives include increased use of woody biomass from thinning and hazardous fuels treatments, improved market for this low value material and increased use of woody biomass for wood to energy," Len added.
The company is expecting to begin the construction next year and have the project operational in 2015.
US based Rollcast Energy develops, owns and operates bioenergy projects using local waste biomass.
