Sustainable Biomass Sourcing

Loring Biomass, LLC will be the buyer and handler of feedstock for the Loring Biofuel plant. The woody biomass resource in Northern Maine, New Brunswick, and Southern Quebec, represents one of the largest concentrations of sustainable woody biomass resources in North America, a combined 38.2 Million Green Tons harvested, sustainably, each year. Roughly 8 million mt of RINS Qualified slash and pre-commercial thinnings in Maine alone.

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A 100 million gallon per year biofuel plant will require in the order of 2.0 million wet tons of woody biomass per year. Woody biomass will be acquired at market price per wet ton delivered to Loring under a long-term contract to the Project. To reduce environmental impact and delivery cost, the Project will provide woody biomass contractors access to renewable diesel, along with the long-term supply contract. Project Facilitators are in active confidential discussions with sustainable woody biomass resource providers at the projected volumes and cost.

Source: FOR/ME https://formaine.org/bioeconomy/