Biotechnology Industry Organization (BIO) Congratulates ZeaChem, Applauds United States Department Of Agriculture (USDA) Loan Guarantee Announcement
1/26/2012 8:59:43 AM
WASHINGTON--(BUSINESS WIRE)--Biorefineries continue to make progress toward commercial-scale production of cellulosic and advanced biofuels, with vital assistance from the USDA loan guarantee program. The Biotechnology Industry Organization (BIO) congratulates member company ZeaChem Inc. on receiving a conditional commitment for one of the largest loan guarantees under the USDA Biorefinery Assistance Program. BIO also applauds the USDA’s continued commitment to helping advanced biofuel companies raise the capital necessary to build biorefineries, create jobs, and contribute to America’s energy security.