Rentech, a developer of biomass gasification technology, has scored a $22.6million loan guarantee from the Department of Energy to support construction of a biomass gasifier at its Denver technology center. Rentech jointly secured the funding with ClearFuels Technology, of which it owns a 25 percent stake.
The two companies are developing biomass-fired gasifiers that produce natural gas from biomass feedstocks such as sugar cane bagasse and various wood wastes. They will use the grants to construct a 20 ton-per-day biomass gasification demonstration project.
Earlier this month the two companies said they would be working with BNP Paribas to secure debt financing to construction of multiple biomass gasification plants in the U.S. and abroad.