Independent Engineering review for Biofuels Project
Independent Engineer for 15 million gallon per year Biofuels project in Oregon.
The client was considering investing in a project to construct a 15 million gallon per year Biofuels project. Before making an investment, Harris Group reviewed the proposed approach for project management, engineering and construction, cost basis and control, as well as, EPC and similar contract provisions, and regulatory aspects of the project to allow the financiers to appropriately evaluate the viability of the project.
We visited the site monthly during construction to report on status of the budget and schedule for the investors.
How We Did It
Harris Group provided Independent Engineering review to support the finance of the project through the use of a combination of project debt and project equity supported by USDA, DOE and DOD Grants.
Harris Group’s independent engineering expertise is rooted in our engineering design experience. For over 40 years we’ve designed advanced industrial facilities in a variety of industries. We have experience in what makes projects succeed and where the challenges are from pre-financial close through construction and commercial operations.
Harris Group’s extensive experience with biorefinery technologies and independent engineering review of cellulosic ethanol projects to provide a review to support the financing of the project using a combination of project debt and project equity supported by USDA, DOE and DOD Grants.
Phase one of the project, Pre-Financial Close included site review, review of the engineering, procurement, construction and O&M plans. Harris Group reviewed project agreements, environmental site and permit reviews as well as Pro Forma Financial Model Assessment review. A report was created to help identify any areas of risk that were discovered during phase one.
During phase two, construction monitoring, Harris Group monitored and reviewed the performance of the EPC contractor for compliance with the EPC contract and alerted the lenders to any concerns. Construction progress of each project was provided on a monthly basis.
Harris Group monitored and reviewed the performance of the EPC contractor for compliance with the EPC contract.
