Financing for a Montgomery, New York, biomass plant could soon be in place. According to the Times-Herald Record, Taylor Biomass Energy’s owner, James Taylor, has said financing for the estimated $275 million facility could be available by the end of September.
The facility would be located at the 95-acre Taylor Recycling Facility LLC, a construction and demolition recycling operation in Montgomery. After seeking various sources for financing, including from the U.S. Department of Energy, Taylor is seeking funding from undisclosed private lenders, the article says.
Meanwhile other waste-to-energy companies have pursued facilities in the same county (Orange County), including Entsorga North America, a subsidiary of BioHiTech Global, Chestnut Ridge, New York, and W2E International Corp., Boca Raton, Florida.
The article says the county's current contract with Interstate Waste Services for hauling to landfills runs through November 2018.
Taylor Biomass Energy would use the gasification process to convert organic waste to a gas that can be burned to produce electricity. The project is expected to create 82 permanent jobs and 318 construction jobs. According to Taylor, all that needs completed on the permitting level is to renew a building permit that has expired.
Twenty-year contracts, signed in 2011 and 2012 are already in place with multiple municipalities to haul trash to the site, the article says.