MRC talks 2021 budget, with buyer in sight
ELLSWORTH With a buyer for the Coastal Resources of Maine waste facility in Hampden in the wings Municipal Review Committee President Karen Fussell likened it to a Christmas present the MRC’s annual meeting on Dec. 16 focused on a draft budget for 2021 and reopening plans.
“[MRC] will work with the new buyer and staff to draft a reopening plan,” said Executive Director Michael Carroll.
The waste-to-biofuel plant opened in 2019 but suspended operations last May, after Coastal Resources failed to secure an approximate $14 million bridge loan needed from investors. MRC then began a search for a buyer, receiving seven letters of interest in July. In September, the facility was placed in receivership, with a bondholder trustee given authority over decision-making. Since May, one-fourth of the municipal waste from MRC’s 115 member communities has been going to the Juniper Ridge landfill and three-quarters to the Penobscot Energy R
MRC talks 2021 budget, with buyer in sight
ELLSWORTH With a buyer for the Coastal Resources of Maine waste facility in Hampden in the wings Municipal Review Committee President Karen Fussell likened it to a Christmas present the MRC’s annual meeting on Dec. 16 focused on a draft budget for 2021 and reopening plans.
“[MRC] will work with the new buyer and staff to draft a reopening plan,” said Executive Director Michael Carroll.
The waste-to-biofuel plant opened in 2019 but suspended operations last May, after Coastal Resources failed to secure an approximate $14 million bridge loan needed from investors. MRC then began a search for a buyer, receiving seven letters of interest in July. In September, the facility was placed in receivership, with a bondholder trustee given authority over decision-making. Since May, one-fourth of the municipal waste from MRC’s 115 member communities has been going to the Juniper Ridge landfill and three-quarters to the Penobscot Energy R