BATON ROUGE, La. — Agriculture Secretary Tom Vilsack has announced a $91 million loan guarantee to help finance an innovative advanced biofuel plant in Rapides Parish, Louisiana.
"USDA's support for renewable energy projects like this helps create jobs in rural areas, promotes U.S. energy independence, and leads to further expansion of the growing and increasingly significant bioeconomy," Vilsack said.
USDA has reached an agreement with Silicon Valley Bank to provide a $91 million Biorefinery Assistance Program loan guarantee to Cool Planet to help the company finish construction on a biofuel plant at the Port of Alexandria in Louisiana.
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