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SynSel Ontonagon Biofuels Plant

USA
Unknown

Overview

Status
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Unknown
Region
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North America
Geography
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USA
State
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Michigan
Equity Owner
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SynSel Energy
Proponent
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SynSel Energy, Lost Bowl Development, LLC
Output
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Biofuels
Type of electricty
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Capacity
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Financing
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Technology
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Technical Advisors
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Advisors
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Project Contact
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SynSel CEO Tim Tawoda
Lawyers
-
Project Cost
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$ 480m
Offtaker
-
Commercial Operations Date
-
Decommission Date
-
FID
-

Description

A biofuels plant in Ontonagon, Michigan. The plant is expected to use waste wood as feedstock to produce drop-in renewable biofuel.

SynSel Energy, Inc., is partnering with a U.S.-based financier and Lost Bowl Development, LLC, to develop the $300m biorefinery at the site of the closed Smurfit-Stone Paper Mill in Ontonagon.

The Smurfit-Stone Paper Mill closed in 2010.

The site was approved for funding and construction in September 2015.

In 2018, construction funding increased from $300 million to $400 million, and the construction schedule changed from 3 to 4 years. Due to the increased budget and schedule, the project is pulled from underwriting by the construction financier.

In 2022, SynSel executes a loan contract with a lender for funding of the Ontonagon plant.

 

 


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