Stored Solar plans to put together its latest
"We will not be asking for any assistance from state or local taxpayers,"
[ Developers eye
In applications for its federal loans, the company has listed the
In court documents,
Supporters of the plan (p. 20)
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The company estimates the biorefinery would employ 102 people. LePage sees their project as "a concept to reinvent the forest products industry using
The company's statement that it won't ask for more help from state or local taxpayers to get its project off the ground comes after Stored Solar secured millions of dollars in government subsidies through an aid program for its biomass plants in
The company hopes that biomass subsidy can serve as a bridge to converting those plants into bio-energy parks that can help prove its model for turning a profit with biomass, a challenging industry in the face of cheap oil.
[ Could biofuel save
It ran into an early hurdle in
The company's now working on its vision to turn those plants into bioenergy parks, which would involve finding customers who could locate at the site and use waste heat from the biomass plants and other products.
[ Biomass company says it paid aggrieved loggers, wants to rework subsidy]
Meanwhile, the company's plans in
Cashman confirmed the company will need to buy the property before it files the next phase of its loan application with the
EMEP contends that it has a right to purchase the property for
Earlier this month, the seller filed a counterclaim arguing that it has lost out on other opportunities to sell the property because of EMEP's court battle.
The parties are scheduled to meet again in court on
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