Allan Gerlat, News Editor

August 8, 2012

1 Min Read
Fulcrum Gains Financing for Waste-to-Energy Plant

Fulcrum BioEnergy Inc. has received a conditional loan guarantee from the U.S. Department of Agriculture (USDA) to fund its proposed waste-to-energy facility near Reno, Nev.

The Pleasanton, Calif.-based Fulcrum said in a news release that the commitment from the USDA of a $105 million loan along with private equity capital will fully fund the construction of Fulcrum’s Sierra BioFuels plant east of Reno in Storey County, Nev.

The plant will use municipal solid waste (MSW) to produce 10 million gallons of ethanol annually, as well as renewable energy for use at the facility. The plant will create 53 full-time and more than 430 engineering and construction jobs.

In November 2011 Houston-based Waste Management Inc. agreed to invest in and partner with Fulcrum on its waste-to-energy projects, including the Sierra Biofuels plant, for which it agreed to loan up to $70 million. The companies said they would collaborate on various projects using MSW supplied by Waste Management.

Fulcrum is in the final stages of completing engineering work on the project and will proceed with construction when financing is secured.

The USDA loan is part of the agency’s Rural Development Program.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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