logo
menu

Federal Energy Department prepares to make its choice

Among other companies Taylor Biomass Energy, a privately held firm dedicated to developing innovative recycling solutions, is soon to find out who the federal Energy Department has chosen to receive a loan guarantee rewarding ground-breaking energy technology.

However Taylor may have a better chance than most of receiving the $98.6 million (€80 million) loan after energy secretary Steven Chu was urged by congressman Maurice Hinchey to select the company.

Referring to the speech given by President Obama’s Oval Office about the oil leak in the Gulf of Mexico, Hinchey said: ‘What he is talking about now is very positive, is the need for alternative energy, the ability to generate energy in an effective and efficient way without the complete dependence upon fossil fuels.’

If Taylor Biomass is awarded the loan guarantee it would construct a biomass gasification plant generating electricity from municipal solid waste. 400 construction jobs would be created, while 80 permanent positions would be available once the plant became operational.