In Maine, State-Backed Loans Pending for Troubled Biomass Energy Company’s Shrimp Farms
SEAFOODNEWS.COM [Press Herald] Tux Turkel - October 3, 2017
Stored Solar wants to build the nation's first shrimp farm at a biomass plant, but owes money and has had trouble launching other initiatives.
The owner of a wood-fired power plant in West Enfield is set to receive a $500,000 state-backed loan to build three shrimp farms on the property despite allegations that it owes hundreds of thousands of dollars to wood suppliers and contractors and has failed to pay last year’s $90,000 tax bill in Jonesboro, where it owns a second plant.
The Maine Rural Development Authority has conditionally approved the loan for Katahdin Shrimp Farm LCC, which is solely owned by Stored Solar West Enfield LLC. The money would help finance a novel plan aimed at making the biomass ...
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