USDA approves $25M loan to SoyMor
7th Space reports that U.S. Agriculture Secretary Tom Vilsack announced today that the Department of Agriculture has approved a $25 million loan for a Minnesota biodiesel facility. USDA Rural Development is providing SoyMor Biodiesel a $25 million guaranteed loan to purchase equipment that will enable SoyMor to convert multiple types of feed stocks into biodiesel. The loan is the second USDA Rural Development has made under the Section 9003 Biorefinery Assistance Program of the 2008 Farm Bill.
What do you think? Discuss this entry in the Green Investing Forum.