Short-term funding is all that stands within the way of a five year old company that wants to make ethanol. The business is set up in the state of Louisiana. Louisiana Green Fuels hopes to make a big purchase from the state. A Louisiana-owned syrup mill is also up for purchase. Extra funding may have to be secured for Louisiana Green Fuels to restart production. Until that point, at least two production plants in Louisiana can be sitting idle. There is a lot of money to be made at these plants, enough to keep folks from having to apply for payday loans in the future.
The information on the Louisiana Green Fuels, LLC
Creating ethanol from sugarcane and other crops in Louisiana is what Louisiana Green Fuels, LLC, is planning on doing after being founded in 2006. The process of buying a sugarcane syrup plant that was built by the state originally is what the Louisiana Green Fuels company is doing. Louisiana Green Fuels will pay the last of its four $100,000 payments to the state in December this year. Then, $2 million payments on the $60 million principal will start being paid.
How to make sugarcane ethanol
The agriculture product prices and other costs will be taken into consideration when beginning up the plant to produce sugarcane ethanol when between $60 million and $200 million is expected. The syrup mill and connected ethanol plant was able to create sorghum syrup and sugarcane test runs in 2009 for a moment. Production ended after an investor was lost. There have been brokered agreements made by Louisiana Green Fuels already for the byproducts of the ethanol production. This will happen after the production is up and running.
What is wrong with Louisiana ethanol
Ethanol biofuels are what agriculture products in the state could be used to make. This is the plan Louisiana Green Fuels has. Louisiana farmers aren’t doing too hot though. Right now it is a bad time for them. A hard freeze ruined several sugarcane crops, and many agricultural products are being sold at a loss or at cost. Seems like like the farmers really need emergency loans. The U.S. Department of Agriculture is the place to go for this. You will find short term loans being guaranteed by the United States Department of Agriculture. Louisiana biofuels qualify. The only way that Louisiana Green Fuels will be able to produce biofuels can be if the long and short term funding along with agricultural products and government support can work better.
Citations
Ethanol Producer Magazine
ethanolproducer.com/articles/7365/louisiana-green-fuels-still-working-to-start-syrup-mill-plant