OCTOBER 2010
                                        

Waste-to-energy plant planned for New York
Facility will convert municipal solid waste into gas used to produce electricity

Taylor Biomass Energy has been selected by the Loan Guarantee Program Office (LGPO) of the Department of Energy (DOE) for due diligence consideration for a loan guarantee under Title XVII of the Energy Policy Act of 2005.

Taylor Biomass Energy, a Montgomery, New York-based developer of waste to energy projects using a proprietary innovative clean gasification process to produce electricity, has applied for a loan guarantee and Federal Financing Bank (FFB) funding under DOE’s Innovative Energy Efficiency, Renewable Energy and Advanced Transmission and Distribution Technologies Program.

Taylor Biomass Energy’s Montgomery Project will utilize the organic fraction of Municipal Solid Waste (MSW) and construction and demolition debris (C&D) biomass feedstock to generate 24 MW (gross) of base load, renewable electric energy. The project will place approximately 20.2 MW (net) into the local Central Hudson Gas and Electric Coop grid system. The project will utilize Taylor Biomass Energy’s gasification process to convert MSW into a syngas that is efficient fuel for power generation. The project will create nearly 400 construction jobs, and will also create over 75 full time jobs. Construction is scheduled to begin in October 2010.

The Montgomery Project is in final engineering development and environmental permitting. Taylor Biomass Energy is working to complete all aspects of project development this year, along with work related to the DOE loan guarantee and FFB financing.