https://www.mainebiz.biz/article/loring-base-eyed-for-production-of-synthetic-jet-fuel
When the price of oil gets up in the $100 range, these projects start to look economically attractive. Its a Fischer-Tropsch process with some added goodies developed by Germany in between WW1 and WW2. It takes a lot of trees to make a 3 barrels of equivalent fuel. I am surprised the former mill site in Millinocket was not selected as it has the Golden Road network that accesses 1/4 of Maine running through it. Loring still has access to plenty of trees but far less than Millinocket that means they will be hauling the wood farther. These plants typically are billion dollar plus plants to make the economics work out. No doubt they are going to be going out for lots of government funding. The last big syn fuels process funded by the US government did not end well for the government or the taxpayer, Range Fuels https://en.wikipedia.org/wiki/Range_Fuels Vinod Khosla, a big tech investor reportedly made out pretty well
When the price of oil gets up in the $100 range, these projects start to look economically attractive. Its a Fischer-Tropsch process with some added goodies developed by Germany in between WW1 and WW2. It takes a lot of trees to make a 3 barrels of equivalent fuel. I am surprised the former mill site in Millinocket was not selected as it has the Golden Road network that accesses 1/4 of Maine running through it. Loring still has access to plenty of trees but far less than Millinocket that means they will be hauling the wood farther. These plants typically are billion dollar plus plants to make the economics work out. No doubt they are going to be going out for lots of government funding. The last big syn fuels process funded by the US government did not end well for the government or the taxpayer, Range Fuels https://en.wikipedia.org/wiki/Range_Fuels Vinod Khosla, a big tech investor reportedly made out pretty well
