Tennessee governor announces loan recipients

August 3, 2007

In May, Tennessee Gov. Phil Bredesen announced the recipients of the Feedstock Processing Demonstration Loan. Tennessee Soy Products Inc. in McMinnville, Tenn., received $500,000 to purchase a facility that its partner Alliance Biofuels will use for biodiesel production. Madison, Tenn.-based Freedom Biofuels Inc. received $250,000 to process soybeans into soy oil and meal in Robertson County, Tenn. NuOil Inc. in Counce, Tenn., received $250,000 to purchase additional equipment for soybeans used to make biodiesel.

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