New Markets Tax Credit Coalition

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Biomass Green Fuels

Construction of a landfill recycled and renewable natural gas and carbon dioxide facility.

Investment

  • NMTC Amount: $7,500,000
  • Total Project Cost: $7,500,000

IMPACT

  • 21 FTE jobs
  • 37 construction jobs

Investor

Project Description

Construction of a landfill recycled and renewable natural gas and carbon dioxide facility on a 2.5- acre site to improve Puerto Rico’s environmental well-being and energy self-sustainability.

  • The leadership of Biomass Green Fuels, LLC, a Puerto Rico-based company, has worked for years to develop the technology needed to transform an extreme polluter- landfills- into a green fuel energy supply. The principals have more that 50 years of experience engineering EPA compliant landfills.
  • Project location received a major disaster declaration due to Hurricanes Irma and Maria (2017) and the surrounding community has a poverty rate of 63% and an unemployment rate which is 3.35 times the national average.
  • The island will see a significant environmental impact, experiencing a reduction in landfill pollution and greenhouse gasses by more than 90% and particulate and sulfur dioxide by 99%.

MAP

Address: 584 Aldebaran Street, Fajardo, PR 920

Census Tract: 72127007900

Other Puerto Rico Projects

A food manufacturing facility increased local production and added jobs in Aguadilla, PR
NMTC financing supported the rehabilitation of a former warehouse into a 40,000 square foot pharmaceutical manufacturing plant where it produces Alinia, a prescription drug that treats illnesses caused by Crypotsporidium
Financing for several locations of the Boys and Girls Club of Puerto Rico, providing after school programs and services to children and youth ages 6 to 18.
New multi-functional facility houses Puerto Rico’s first charter school in one of the island’s most economically underserved and isolated communities