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WLBZ Interviews Rice About Cate Street Capital’s Thermogen Project

WLBZ (Channel 2) spoke with Robert Rice, a professor of wood science and technology at the University of Maine, for a report on the scrutiny surrounding a proposed $25 million Finance Authority of Maine (FAME) loan that would support Cate Street Capital’s Thermogen Project that aims to build a pellet mill in Millinocket that uses new, steam-based technology. Rice, a consultant to FAME on the project, says the new method is a radical change, but is an improvement in technology. He warned Thermogen will need about three times as much biomass to make pellets using steam, which has to be taken into account.

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