ClearFuels plans to invest $200 million toward green jobs in Wayne County: TML

April 2– Another green energy company is coming to Tennessee – but this one has nothing to do with solar power.

According to a report by the Tennessee Municipal League, Hawaii-based ClearFuels Technology has agreed to partner with Hughes Hardwood to develop a biorefinery in Collinwood. ClearFuels will invest approximately $200 million to develop the facility which will convert 1,000 tons of leftover wood products into diesel or jet fuel a day.

The facility is expected to produce 16 million gallons of diesel and 4 million gallons of naphtha, a hydrocarbon product which can be used in the production of gasoline. It is also expected to produce six to eight megawatts of electricity.

The biorefinery is expected to employ 50 people when it opens in late 2013 or early 2014.

ClearFuels is expected to break ground in late 2011.