Fulcrum BioEnergy Gets U.S. Guarantee to Make Ethanol From Trash
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Fulcrum BioEnergy Inc., a U.S. biofuel company that’s planning an initial public offering, received a $105 million conditional U.S. loan guarantee for its first commercial facility.
Fulcrum’s Sierra BioFuels Plant will be 20 miles (32 kilometers) east of Reno, Nevada, and may produce as much as 10 million gallons (38 million liters) of ethanol a year from household garbage, according to a statement today.