Colorado Economic Recovery and Accountability

Press Release - Congratulates Colo. Biofuels Companies

OFFICE OF GOV. BILL RITTER, JR.
WWW.COLORADO.GOV/GOVERNOR


FOR IMMEDIATE RELEASE
FRIDAY, DEC. 4, 2009

CONTACTS:
Todd Hartman, 303-513-3639, todd.hartman@state.co.us

Myung Kim, 303.947.5708, myung.kim@state.co.us

GOV. RITTER CONGRATULATES COLORADO BIOFUELS COMPANIES FOR $48M IN RECOVERY ACT AWARDS


Gov. Bill Ritter congratulated two Colorado biofuels companies today for receiving American Recovery and Reinvestment Act awards from the U.S. Department of Energy totaling $48 million for projects related to developing production facilities for next generation biofuels. In addition to today's awards, Colorado will receive more than $500 million in Recovery Act energy grants.


Clearfuels Technology Inc. in Commerce City was awarded $23 million to produce renewable diesel and jet fuel from woody biomass and ZeaChem Inc., headquartered in Lakewood, was awarded $25 million to support construction of the company's first cellulosic biorefinery.


"These companies represent the forward-thinking, entrepreneurial spirit driving Colorado's New Energy Economy," Gov. Ritter said. "Their efforts are leading Colorado forward by creating jobs and building energy security, while protecting our environment. Congratulations to them for securing these important grants."


The grants announced today were among 19 biorefinery projects receiving $564 million in Recovery Act funding. The projects are intended to help build the foundation for full commercial-scale development of a biomass industry in the United States. Projects selected are part of the Department of Energy's ongoing efforts to reduce U.S. dependence on foreign oil, build a domestic biofuel industry and provide jobs in rural areas.


"Advanced biofuels are critical to building a cleaner, more sustainable transportation system in the U.S." said Energy Secretary Steven Chu. "These projects will help establish a domestic industry that will create jobs here at home and open new markets across rural America."


A summary of the two projects follows. More information on the DOE grants can be found here.


Clearfuels Technology Inc.: This project will produce renewable diesel and jet fuel from woody biomass by integrating ClearFuels' and Rentench's conversion technologies. The facility will also evaluate the conversion of bagasse and biomass mixtures to fuels.


ZeaChem Inc.: This project will use hybrid poplar trees to produce fuel-grade ethanol using hybrid technology. Additional feedstocks such as agricultural residues and energy crops will also be evaluated in a pilot project. The company is headquartered in Lakewood, but its first biorefinery is proposed to be constructed in Oregon.


For more information about Recovery Act funds coming to Colorado and energy programs, go to www.colorado.gov/recovery and www.colorado.gov/energy.