GCEI to install 3 green energy plants in NY under Seneca LoI
Sep 24, 2013 - US firm Global Clean Energy Inc (OTCMKTS:GCEI) said today it had signed a letter of intent (LoI) to develop an anaerobic digester, a cellulose gasification facility and an agricultural plastics-to-fuel plant for Seneca BioEnergy in New York.
The alternative fuel projects developer explained that the three plants will be located at the Seneca AgBio Green Energy Park -- a green energy centre that renewable energy and sustainable agriculture specialist Seneca is developing on a 55-acre (22.2-hectare) brownfield site at the former Seneca Army Depot.
Seneca has so far spend more than USD 6 million (EUR 4.5m) on the site acquisition and infrastructure improvements. The company has also reached agreements for the supply of feedstock for the anaerobic digestion unit and for the plastics-to-fuel facility. Global Clean Energy and Seneca have so far partnered to finalise site plans and financing to encompass the processing of regional agricultural feedstocks "allowing all business units to gain synergies from common infrastructure and utilities”.
The Seneca AgBio Green Energy Park has received a USD-2-million grant from the New York State Energy Research and Development Authority (NYSERDA). The state of New York has also awarded the project a USD-7-million tax exempt bonding package for equipment purchases and infrastructure.