Maine tech group awards $1.5 million for forest products innovation

In this May 2017 file photo, Wood chips seen during a tour at the University of Maine Technology Research Center in Old Town in May 2017. Biofine, a Massachusetts company, demonstrated its pilot biorefinery project in the former Old Town Fuel and Fiber mill. Ashley L. Conti | BDN

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AUGUSTA, Maine (AP) — A pair of Maine forest products companies is receiving $1.5 million in technology grants to bring innovation to one of the state’s oldest industries.

The Maine Technology Institute is awarding $750,000 to GO Lab of Belfast. The other half of the money is going to Biofine Developments Northeast for a project in Bucksport.

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Source: Bangor Daily News