HOBBS, N.M.—A Massachusetts company is ready to start construction on a biofuels demonstration plant in New Mexico.
Joule Unlimited Inc. plans to convert sunlight and carbon dioxide waste into biofuel at the planned facility in Hobbs. The plant is expected to begin operations in 2012.
Joule officials gathered in Hobbs on Thursday to make the announcement.
The plant is expected to generate 20 permanent jobs in addition to construction jobs.
State officials say Joule has the potential to expand its operations to create 500 new jobs in Hobbs by producing up to 75 million gallons of renewable diesel and 125 million gallons of ethanol per year.
Lea County officials say Joule will fit into their so-called EnergyPlex. The county has been working to attract both traditional and renewable energy-related businesses to southeastern New Mexico.