News Highlights
Range Fuels Produces Cellulosic Methanol from First Commercial Cellulosic Biofuels Plant
On August 17, 2010 Range Fuels, Inc. announced that it had produced cellulosic methanol from the initial phase of its first commercial cellulosic biofuels plant near Soperton, Georgia using non-food biomass.
Range Fuels Closes on $80 Million Loan Guaranteed by U.S. Department of Agriculture - Loan Guarantee for Company's Soperton, Georgia, Commercial Cellulosic Biofuels Plant
On March 3, 2010 Range Fuels, Inc. announced that it had received a loan note guarantee from the U.S. Department of Agriculture and closed its related $80 million bond issuance. The proceeds from the $80 million bond will be used to partially finance the first two phases of construction of Range Fuels’ first commercial cellulosic biofuels plant using renewable and sustainable supplies of non-food biomass near Soperton, Georgia. The first phase is scheduled to be mechanically complete this month, with production scheduled to commence in the second quarter of this year.
U.S. Department of Agriculture Awards Range Fuels an $80 Million Loan Guarantee - Loan Guarantee for Company’s Soperton, Georgia, Commercial Cellulosic Ethanol Plant
On January 19, 2009 Range Fuels, Inc. announced that the U.S. Department of Agriculture has awarded the company a conditional commitment for an $80 million loan guarantee to assist construction of Range Fuels’ commercial cellulosic ethanol plant near Soperton, Georgia, the first phase of which is under construction and on track to begin production in 2010.
Range Fuels Raises over $100 Million in Series B Financing - World’s First Commercial Scale Cellulosic Ethanol Plant Underway
On April 1, 2008 Range Fuels Inc. announced that it had completed an oversubscribed Series B round of private financing greater than $100 million. Range Fuels will focus the new funds on completing the construction of the first phase of its commercial cellulosic ethanol plant located near the town of Soperton, Georgia. The first phase of construction for the Soperton Plant is scheduled for completion in 2009.
Range Fuels Breaks Ground on the Nation's First Commercial Cellulosic Ethanol Plant - U.S. Secretary of Energy and Georgia Governor Attend Groundbreaking Celebration
On November 6, 2007 Range Fuels, Inc. broke ground on the nation's first commercial cellulosic ethanol plant located in Treutlen County, Georgia, near the town of Soperton. Range Fuels, one of six companies selected by the Department of Energy for financial support in building a commercial cellulosic ethanol plant, will be the first to break ground.
Range Fuels Signs $76 Million Technology Investment Agreement with the U.S. Department of Energy - $50 Million Appropriated and Obligated For First Phase of Commercial Cellulosic Ethanol Plant
Range Fuels, Inc. announced November 6, 2007 that it signed a $76 million Technology Investment Agreement with the U.S. Department of Energy (DOE). Range Fuels' selection for negotiation of this grant was initially announced in February, 2007 and the organizations have agreed on contract terms to allow project funding. Range Fuels was one of six companies selected by the DOE for financial support in building a commercial cellulosic ethanol plant, and will be the first to break ground with a celebratory event November 6, 2007 at the future site of its Soperton, Georgia plant.