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In addition to our core gasification technology , we ’ ve also commercialized a biomass pyrolysis technology
a line of sight on permitting , technology , schedule , and engineering . We continued development and fund raising until late 2021 , when we made a deal with our two current equity investors , Silverpeak and Cresta Funds Management . They agreed to invest up to 165 million dollars in equity . That commitment included the remainder of the needed development capital .”
The area where the plant is located is rich in agriculture , and mostly focused on almonds , pistachios , walnuts , and grapes .
These crops all have a woody biomass residue associated with their production , which serves as a great feedstock for the technology , and reinforces the plant ’ s excellent location .
TJ predicts that the plant will consume approximately 1400 dry-basis tons of biomass material . “ Most of this biomass has no other viable outlet , so the project is providing a home for that material . The facility will make use of the potential energy in that material , converting it into renewable biofuel that can be used for transportation . Just providing that viable alternative will have an immediate positive impact on the air quality in the valley .
“ Until very recently , open-burning of orchard removals was one of the only things you could do economically . The San Joaquin Valley Air Pollution Control District recently began providing subsidies of up to $ 600 per acre to help pay for what they call ‘ whole orchard recycling ,’ which amounts to grinding
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