The historic performance guarantee that’s at the centerpiece of the deal; the partnership that could lead to eight projects; Cathay Pacific, Waste Management and the US Navy in the mix.
In California, Fulcrum BioEnergy has selected Abengoa to build the first biorefinery using gasification technology to convert municipal solid waste into syncrude that will be upgraded into jet fuel. The contract is worth approximately$200 million.
Abengoa will be responsible for the turnkey execution of the plant including engineering, design and construction as well as a participating significantly in the development of the project. This project is expected to generate more than 500 jobs during the construction phase and 100 more jobs during plant operation. The biorefinery is located in the Tahoe-Reno Industrial Center, approximately 20 miles east of Reno, Nevada. The Sierra BioFuels Plant is scheduled to begin commercial operations in 2017 with the production of more than 10 million gallons of renewable transportation fuel.