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W W W. M A I N E B I Z . B I Z 69 Fact Book / Doing Business in Maine B U S I N E S S R E S O U R C E S FAME approved the issuance of $291,000 in tax credits related to $746,123 in investments through the New Markets program and up to $160 million in conduit bond financing. EME Biofuels is planning to construct a 150,000 square-foot biomass-to-biofuels plant. e plant will harness forest residuals waste from the commercial lumber industry and process it into high-quality biocrude to be used as renewable heating oil and as feedstock for co-processing the production of renewable gasoline and diesel. e project is expected to create 83 full-time jobs at the plant once the facility is fully operational by mid-to- late 2027. Additional jobs related to construction at the site and the forestry supply chain are also expected. Sustainable packaging from a Saco startup Tanbark Molded Fiber Products Inc., a Saco-based manufacturer of biode- gradable packaging materials, has grown quickly from its startup roots. It benefitted from a FAME direct loan as part of a participation loan with the Maine Technology Institute and Coastal Enterprises Inc. e loan enabled Tanbark to pur- chase and install equipment for a micro- fiber manufacturing line. e com- pany also benefitted from a FAME- administered Grow Maine/ State Small Business Credit Initiative loan. Tanbark manufactures molded fiber packaging using wood pulp largely sourced from the Maine woods. e wood-based products have a smooth finish and complex architecture with minimal draft angels. Additionally, Tanbark's products are free of per-and polyfluoroalkyl substances (PFAS), which are a group of chemicals used to make fluoropolymer coatings and products that resist heat, oil, stains, grease and water. Tanbark's products can be used as a substitute for single-use plastic mate- rials, which can damage oceans and landfills, among other things. ARCHITECTURE | INTERIOR DESIGN | PLANNING LISTEN. INNOVATE. DESIGN. EVERGREEN CREDIT UNION | SCARBOROUGH, ME www.GTDArchitects.com Reach out to hear about our latest work and how we can help with your next project. EME Biofuels plans to produce renewable fuel oil in Millinocket. Tanbark Molded Fiber Products Inc. in Saco manufactures biodegradable packaging materials. P H O T O / C O U R T E S Y O F FA M E P H O T O / C O U R T E S Y O F FA M E