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The Rural Maine Reporting Project is made possible through the generous support of the Betterment Fund.

Lincoln signs agreement with biofuels refinery to develop former mill site

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.