The city council in Lincoln has approved a lease for a biofuels refinery on the site of a former pulp and tissue mill.
Biofine Developments Northeast will lease the site for at least 20 years to produce low carbon wood-based fuel.
The project is expected to generate more than $100 million in private sector investment and create at least 160 jobs.
The chair of the Lincoln town council, George Edwards, says in a written statement that the biorefinery marks the beginning of economic revitalization of the old mill site.
Construction is expected to begin by the summer of 2024.
