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Sugar Valley Energy receives sales and use tax exclusion
“Receiving this support from CAEATFA’s board is a major boost for Sugar Valley Energy,” Rubenstein said. “We are very pleased the aspects of our project were rated so highly in the agency’s evaluation of our project, and believe it clearly recognizes Sugar Valley Energy will be a win-win for California and Californians.”
The STE program award is estimated to save approximately $10 Million on the project’s approximately $650 Million cost, Rubenstein said. Sugar Valley Energy, LLC will produce approximately 70 million gallons of very low carbon ethanol annually along with bioelectricity and biogas, while creating over a $1 billion in economic activity and supporting more than 15,000 jobs, including more than 9,400 construction jobs.