"OLD TOWN (NEWS CENTER) -- The University of Maine and Red Shield Environmental in Old Town now have the financial backing to build an ethanol refinery.
The pulp mill and research university learned on Friday that they are getting a $30 million federal grant from the Department of Energy.
Ethanol is a bio-fuel that can be made out of wood waste.
The university is developing the technology to build a refinery at the Red Shield pulp mill.
Tuesday, state leaders joined Red Shield and UMaine officials to celebrate this significant step forward.
'There aren't many places in the world, if any, that could bring the talent, the technology, the facilities, or the resources together between a visionary company and a leading research university the way that this project does,' said UMaine President Robert Kennedy.
Red Shield is expecting it will take about two years to get the bio-refinery built and on-line.
It expects that the ethanol it produces will be marketed and sold as a gasoline additive.
Wednesday, April 23, 2008
Ethanol Refinery
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