WASHINGTON--(BUSINESS WIRE)--Federal loan guarantee programs for biorefineries can mitigate uncertainty in capital markets, aiding advanced and cellulosic biofuel producers’ efforts to raise private capital for construction. The Biotechnology Industry Organization (BIO) today congratulated Abengoa Bioenergy, INEOS New Planet Energy, and POET on receiving commitments for loan guarantees from the Department of Energy and the USDA for construction of pioneering commercial-scale biorefineries.
