East Millinocket, Maine, U.S. - Production Expansion in the U.S. for Energy Products
The Maine Project is a 20 million gallon/year biocrude production facility being developed by Ensyn in Northern Maine. The site is a former paper mill, now owned by the town of East Millinocket. The site is strategically located in a large wood basket, with rail service to the coast for product delivery. The project site has access to hydro-electric power, helping lower the project’s carbon intensity.
Feedstock for the project is expected to consist of forest residuals from local sources. Biocrude offtake will be directed to petroleum refineries in the US and Europe for co-processing, and to local heating clients.
Discussions are underway with The Finance Authority of Maine (FAME) regarding $80M of tax-exempt debt for the project.