By: AP
By: AP

BOLIGEE, Ala. (AP) - A company has received approval for a $250 million government loan guarantee to help build a biofuels plant in the west Alabama town of Boligee.

Gov. Robert Bentley said the approval by the U.S. Department of Agriculture is the first step that will allow Coskata to raise the balance of the money needed to construct the plant, which will turn wood into fuel-grade ethanol.

Coskata, based in Madison, Pa., is planning the project for the Crossroads of America Industrial Park in Greene County. Officials said the site was chosen because it has supply chains that have served the pulp and paper industry in the past.

Bentley said the project should create 300 construction jobs.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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