Feds Issue $54M Loan Guarantee to NM Biofuel Project

Posted by Rachel Pulaski on Tuesday, November 8, 2011
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From therepublic.com -The federal government is issuing a loan guarantee to a company that plans to build a $135 million plant in southern New Mexico to produce biofuel from algae. The U.S. Department of Agriculture announced the guarantee Monday. It has been in the making since December 2009, when the agency first issued a conditional commitment for an 80 percent guarantee on a $54.5 million loan.  More News New Mexico
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1 comments:

Anonymous said...

If these projects had value, the govenrment would not ahve to get involved. When the government has to get involved, it is just another case of ripping off the tax payers.

Venture capitalists recognize a boondoggle. Governmetn bureaucrats create them.

November 9, 2011 at 9:54 AM

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