Alico Energy, LLC, a subsidiary of Alico, Inc., has been awarded a grant from the State of Florida under the Florida Energy Act and a grant and loan guarantee from the U.S. Department of Energy to construct one of the nation’s first cellulosic ethanol facilities in South Florida. The Alico Energy biorefinery will be capable of co-producing ethanol and electricity from any carbon-based feedstock or waste, including citrus peel, and trimmings from citrus trees. The initial plant will produce only ethanol. The capacity to produce electricity will be added at a later date.
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Loan guarantee portfolios and joint loan guarantees with stochastic interest rates
