FULTON, Miss. (AP) — The U.S. Department of Energy has withdrawn its support for a biofuels company's $300 million cellulose plant in Fulton, Miss.
BlueFire Renewables officials tell the Northeast Mississippi Daily Journal (http://bit.ly/1heLdL9) they are appealing the decision.
The company expected to begin construction by August to meet a 2015 completion date.
The funding represented an $88 million investment in the plant, which will be designed to produce approximately 19 million gallons of ethanol per year and employ between 70 and 80 people.
The plant's remaining funds come from a number of private sources and business partnerships.
The company continues to invest money in the Fulton project, including work at the port that will be used by the plant once it's up and running.
Information from: Northeast Mississippi Daily Journal,http://djournal.com