Aloterra Energy NE Ohio/NW PA Miscanthus Project Informational Meeting 08/04/11

Interested in gaining an income stream from your unused farmland? Aloterra Energy (www.AloterraEnergy.com ) is hosting an informational meeting  for  landowners and farmers in Ashtabula, Lake, Geauga and Trumbull counties in Ohio and Erie, Crawford and Mercer counties in Pennsylvania, at Emerine Estates Winery in Cherry Valley, Ohio, from 5-7pm ,Thursday August 4th.  This meeting is free and open to the pubic. Aloterra is still seeking local farmers or land owners to farm miscanthus grass- which will be used to make bio fuel products. However, for participating farmers and landowners to receive tax credits and government funding, they must sign up by September 1st. Otherwise, unused money that is dedicated to Ashtabula county and the other counties in the project zone, will go back to Washington, DC. Company representatives will be on hand to answer any questions and explain the urgency of the situation.

Aloterra Energy recently received USDA approval for funding to grow Miscanthus, a sterlile, warm-weather hybrid perennial grass, used to produce biofuels, through the establishment of acreage in northeast Ohio and northwest Pennsylvania as one of four Biomass Crop Assistance Program (BCAP) project areas. The company looks to combine the benefits of growing Miscanthus as a renewable energy source with the BCAP incentives that encourage local farmers to grow a biomass crop. Farmers only have until September 1st, to file applications and begin the process to qualify to receive Ohio’s CAUV tax credits and BCAP federal funding.

Aloterra’s project area along the Ohio-Pennsylvania border has guaranteed BCAP funding for 5,344 acres in 2011, which will go to the first farmers to sign up in Ashtabula, Geauga, Lake and Trumbull counties in Ohio and Crawford, Erie and Mercer counties in Pennsylvania. State renewable energy portfolio standards and the Environmental Protection Agency transport rule are critical drivers in establishing a biomass crop for power generation in Ohio.

Under current guidelines, BCAP will reimburse farmers up to 75 percent of planting costs and pay an annual rent payment while farmers wait for their crops to mature. Once the crops mature, farmers will be eligible to receive two years of matching payments for their tonnage, up to $45 per ton beyond the selling price.

Farmers who want to find out more about the project should contact Scott Coye-Huhn at 440-666-2053  or email: scoyehuhn@aloterraenergy.com. Approved producers who want to participate in BCAP will be handled on a first-come, first-served basis. Producers will need to sign an agreement with Aloterra to obtain initial approval and will finalize enrollment in BCAP by taking the signed agreement by the September deadline to their local FSA office.

Aloterra Energy LLC develops biomass conversion facilities through cultivating sources of biomass crops to expand fuel marketing, distribution and logistics operations into the biomass renewable energy market. For more information on Aloterra Energy, visit aloterraenergy.com. Emerine Estates Winey is located at 5689 Loveland Road, just off Route 6 in Cherry Valley. For more information on this event, contact Cheryl Dickson-Walker, publicist at Media Magic Productions: (cell) 440-645-9472, studio line: 440-294-2431, or e-mail: cheryl@mediamagicproductions.com

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