FAME - Finance Authority of Maine
04/29/2026 | Press release | Distributed by Public on 04/29/2026 14:33
Notice of Intent to Issue
Revenue Obligation Securities
Notice is hereby given that the Finance Authority of Maine (FAME) intends to issue Revenue Obligation Securities (the "Securities") pursuant to the Finance Authority of Maine Act (Chapter 110 of Title 10 of the Maine Revised Statutes, as amended) and has issued its Certificate of Approval for the Project to be financed with proceeds of the Securities. Set forth below is a summary of the Certificate including a description of the purpose for which the Securities will be issued, a statement of the maximum principal amount of the Securities and the time within which any proceeding to set aside certain actions of FAME with respect to the Project or the Securities or otherwise obtain relief on grounds of invalidity of such action must be commenced.
Project Owner and/or User: EME Biofuels LLC
Project Location:
Description of Project:
1 Katahdin Avenue, Millinocket, ME 04462
Bond proceeds will be used to finance (i) a portion of the costs to construct and equip a biomass-to-biofuels plant on land that was part of the former Great Northern Paper Company mill, which facility will process unwanted and hazardous forest residue from timber production (treetops, branches and bark, left on the ground after logging or accumulating as a result of a storm, fire, delimbing or other similar disturbance) and other biomass into high-quality liquid biocrude or biofuel, (ii) costs of issuance, (iii) construction period and other capitalized interest and (iv) a debt service reserve fund. The biocrude or biofuel produced at the facility can be used as a renewable fuel for heating and cooling, as a feedstock for co-processing in petroleum refineries in the production of renewable gasoline and diesel and contributes to the production of renewable chemicals. The facility may also produce sustainable aviation fuel, cellulosic ethanol, and other renewable products
MAXIMUM AMOUNT OF REVENUE OBLIGATION SECURITIES TO BE ISSUED BY FAME TO PROVIDE FINANCING FOR THE PROJECT: $160,000,000
Any action or proceeding in any court to contest the issuance of the Securities, to set aside the Certificate of Approval for the Project or to obtain relief upon the grounds that the Certificate of Approval was improperly issued, was issued for unauthorized purposes or is otherwise invalid for any reason, must be started within 30 days after the date of publication of this Notice. After the expiration of such a 30-day period of limitation, no right of action or defense founded upon the invalidity of the approval; or contesting any provision or the issuance of the Certificate of Approval or the issuance of the Securities may be started or asserted nor shall the Certificate of Approval or the issuance of Securities be open to question in any court upon any grounds.
This Notice published pursuant to 10 M.R.S.A. Section 1044(1).
Finance Authority of Maine
5 Community Drive
P.O. Box 949
Augusta, ME 04332-0949
(207) 623-3263
Contact Person: Christopher H. Roney, General Counsel
[email protected]
FAME - Finance Authority of Maine published this content on April 29, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 29, 2026 at 20:35 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]