Biofuels Project Sinks
The Red Rock Biofuels project in southern Oregon appears headed for foreclosure according to notices published in the Lake County Examiner newspaper in late December after the company failed to make principal and interest payments on some $300 million in debt. The notice set a February 4 payment deadline with a property auction scheduled for February 9. Originally scheduled for completion in 2017, the plant was going to use biomass from regional forests to produce sustainable aviation fuel (SAF) and was boosted by a $75 million Dept. of Defense grant and fuel commitments from FedEx and Southwest Airlines, plus state and local incentives and infrastructure improvements.
Cost overruns, process re-engineering, COVID-related delays and bankruptcy of a key supplier all affected the project. Construction had begun and there’s lots of equipment and machinery on site. Officials say there have been no public efforts to find a buyer to complete, repurpose or move the refinery.
Latest News
Ransford Automates Post-Pointing Line
Charles Ransford & Son is a producer of British timber products operating on a 38 acre site at Bishops Castle in Shropshire, with fencing and landscaping products represent the lion’s share of its production. The 55 employees work on a single shift, dealing predominantly with redwood.
Robbins Lumber Lists Hancock Sawmill Site For Sale
Robbins Lumber has listed its 100-acre sawmill complex in Hancock, Maine for sale with a price of $2.5 million. This site was acquired from Pleasant River Lumber in 2023 by Robbins. Included in the property sale are kilns, a planer mill, truck scale and a 42,000 sq. ft. sawmill with an attached machine shop. The property also includes a fully leased apartment building.
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.