Wednesday
August 11, 2010

 

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Taylor to receive $100 million loan guarantee to build biomass facility


Schumer with James Taylor, president of Taylor Biomass

MONTGOMERY – Taylor Biomass should be able to move forward with its plans to build its first biomass gasification plant to convert trash to electricity as the US Department of Energy has given initial approval, and is poised to grant a final OK, for $100 million in loan guarantees for the project.

Senator Charles Schumer and Congressman Maurice Hinchey joined a host of local officials and company leaders, including President James Taylor, to make the announcement.

The project will create 400 construction jobs and 80 full-time positions once the plant is in operation.

Taylor has also been working with a number of foreign countries, which are also interested in him developing his technology on their lands as well.

The Montgomery facility will be the first operational facility for Taylor’s biomass technology.


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