Mont. biofuel venture reports progress in bid for loan guarantee

Montana Advanced Biofuels "successfully met" the program's Part II criteria for a loan guarantee from the Department of Agriculture for its proposed biorefinery in Great Falls, Mont., said Gary Hebener, president of the company. "We have moved to the final due diligence phase of the process. While this is expected to take a number of months as the Department of Energy brings in additional market consultants and engineers for a final review, we are very optimistic." Meanwhile, MAB has applied for an air quality permit from the Montana Department of Environmental Quality.

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Great Falls Tribune (Mont.) · Great Falls Tribune (Mont.)

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