Biofine Signs Lease for Refinery Site
Photos courtesy of BDNE
Photos courtesy of BDNE
The Biomass to Bioproducts ( B2P2 ) pilot plant in operation at the University of Maine Forest Bioproducts Research Institute - Technology Research Center .
The Lincoln Town Council voted to approve a 20-plus-year lease between the town and Biofine Developments Northeast ( BDNE ) for the development of a biofuels refinery on the site of the former Lincoln Pulp & Tissue Mill , now known as the Lincoln Technology Park .
Construction of the project is expected to commence by July of 2024 .
The Biofine Maine Phase 1 , or “ BMP1 ” project is expected to require a private sector investment of over $ 100 million and create over 160 jobs . Subsequent project phases could result in the ultimate creation of nearly 500 jobs and substantial additional private investment . BDNE is the exclusive developer of bio-refinery projects utilizing proprietary processes developed by Biofine Technology LLC ( www . biofinedevelopments . com ).
BDNE is proposing developing BMP1 as the first of a planned multi-phase project to develop green biorefinery capacity on a portion of the former Lincoln Pulp & Tissue Mill site . Utilizing Biofine ’ s proprietary technology , Biofine ’ s process derives heating and transportation fuel from cellulosic low-quality woody biomass ( pre-commercial thinnings and produc-
24 JUNE 2023 | FUEL OIL NEWS | www . fueloilnews . com