Joule, Red Rock Biofuels announce intent to merge

Plantations International News Joule, modern technology programmer of fluid energies from recycled CARBON DIOXIDE, and Red Stone Biofuels, a programmer of eco-friendly jet and also gasoline biorefineries, revealed their intent to merge. The deal is anticipated to nearby mid-December. Red Rock Biofuels makes use of Fischer-Tropsch technology to transform biomass deposits from forests and sawmills right into jet gas and also diesel items. The firm plans to start building of its very first refinery situated in Lakeview, Oregon, next year. The 15 MMgy task is sustained by a $ 70 million grant from the UNITED STATE departments of Farming, Navy and [...]