LAKEWOOD, Colo. (AP) — A Colorado company developing a biorefinery in Oregon says it has reached a binding, long-term deal with the GreenWood Tree Farm Fund for trees to supply the refinery.
Lakewood, Colo.-based ZeaChem Inc. announced the deal this week. The parties aren’t disclosing details, including prices or whether privately held ZeaChem is obligated to purchase a certain amount each year.
The fund, managed by GreenWood Resources, will supply hybrid poplar woody biomass from its plantations for a commercial cellulosic biorefinery that ZeaChem is developing in nearby Boardman, Ore., to turn trees into fuel and other chemicals.
ZeaChem last year broke ground on a 250,000 gallon-per-year demonstration-scale biorefinery in Boardman that is due to start coming on line this year. It eventually plans to develop a commercial-scale biorefinery.
