Maine bioenergy plants continue to struggle
April 13, 2016 – A proposed bailout of the biomass industry in Maine could provide some temporary relief for the industry, but isn’t likely to provide a full recovery.
According to an article from the Portland Press Herald, three of the state’s six bioenergy plants are likely to remain closed even if a proposed $13.4 million bailout proceeds.
The combination of a warm winter along with low prices for oil and natural gas have devastated the state’s bioenergy industry, already forcing Covanta Holding Corp. to close its two bioenergy plants and putting two of four plants owned by ReEnergy Holdings in jeopardy of closure.
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