JBS-Swift biogas facility receives funding

4 August 2008

JBS-Swift & Co's foray into bioenergy will move forward after getting a hefty financial boost.

Environmental Power Corp have announced that their subsidiary, Microgy Grand Island LLC, have completed financial arrangements involving the sale of $7 million of tax-exempt bonds issued by the city of Grand Island, Nebraska. The bond proceeds will be used to finance construction of a biogas facility adjacent to the JBS-Swift beef plant in Grand Island. The biogas facility is already under construction and is expected to begin producing biogas by the end of the year.  Source: Meatingplace.com

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