Jeff Quackenbush, NORTH BAY BUSINESS JOURNAL
A $40 million project near Charles M. Schulz-Sonoma County Airport that would convert agricultural waste such as chicken manure into natural gas, electricity and certified-organic fertilizer has run afoul of the 2013 expiration of a federal renewable-energy incentive said to be crucial to the economics of the venture.
The Sonoma County Farms to Fuel Project had a green light from local government to start construction, approval for $35 million in low-interest state bond financing, a $3.37 million state matching grant and a market for about half the estimated plant revenue. But the project has been on hold for months, after it became apparent it wouldn’t be finished and on line by the end of next year, the current sunset for a federal business energy investment tax credit equal to 30 percent of project costs for renewable-energy sources, according to John Martin, chief operating officer of Kansas-based BioStar Systems, LLC 913-438-3002, biostarsystems.com.
via Large waste-to-fuel project hangs on federal subsidy renewal – North Bay Business Journal – North San Francisco Bay Area, Sonoma, Marin, Napa counties – Archive.