LAS VEGAS – The developer of a northern Nevada biofuel production plant declared his project ready for construction, after receiving a federal loan guarantee for about half the cost.
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Fulcrum BioEnergy chief E. James Macias said during the start of Thursday's annual National Clean Energy Summit that the Sierra BioFuels Plant in Storey County will cost $200 million and take two years to build.
Macias says construction will start this year in the same McCarran, Nevada, industrial park that will host a $5 billion factory for carmaker Tesla to produce batteries.
Federal Agriculture Secretary Tom Vilsack joined Senate Majority Leader Harry Reid and Macias in announcing the $105 million loan guarantee.
The plant will convert 200,000 tons of trash per year from the Lockwood Regional Landfill in Sparks into diesel, maritime and jet fuel.