BEAM Circular, the Almond Board of California, Stanislaus County and Ecostrat have announced the issue of a rare ‘AA’ rating to the North San Joaquin Valley Bioeconomy Development Opportunity Zone centered in Modesto, California.
This is North America’s first BDO Zone rating for Orchard Biomass, Nut Tree Shells and Almond Hulls.
The North San Joaquin Valley BDO Zone investment grade rating denotes ‘very high quality’ feedstock supply chains and infrastructure.
The region exhibits a longstanding industry supported by 6,300 nut tree growers and suppliers along with a robust network of processors and separators of nuts from shells and hulls in concentrated locations.
Decreasing local demand for local biomass along with significant quantities of feedstock currently available for the cost of transportation create ideal conditions for large-scale bio-project development.
Significant infrastructure advantages include flexible zoning, access to natural gas, rail connectivity, and proximity to an extensive highway system.
“The ‘AA’ rating for the North San Joaquin Valley’s BDO Zone is a testament to our region’s unique positioning for global leadership in the bioeconomy,” stated Karen Warner, CEO of BEAM Circular.
“Local communities here are proactively investing in the infrastructure, partnerships, and innovation that will allow us to grow world-class bioindustrial manufacturing facilities in the heart of the most productive agricultural state in America. This region is ready to support and scale the future of sustainable bioproduction.”
“Almond biomass is uniquely concentrated with well established transport systems. With this rating and the research investments made by the almond industry, we stand ready to partner with companies in bio-based industries,” said Josette Lewis, vice president and chief scientific officer of the Almond Board of California.
“Rated for over a million tons of underutilised project-available feedstock, this first ‘AA’ BDO Zone rating for tree nut biomass underscores the high level of regional readiness for biomanufacturing within the North San Joaquin Valley,” said Jordan Solomon, chairman of the BDO Zone Initiative.
“The zone offers very low-risk supply chains and is positioned as a prime target for top-tier and innovative bio-based projects. The collaborative efforts of organizations dedicated to realising this BDO Zone highlight the region’s visionary approach and the bold stance it takes in the global bioeconomy.”
North San Joaquin Vallue issued rare ‘AA’ BDO Zone rating
