Procter & Gamble Receives Green Light For Proposed Biomass Plant In Albany

Procter & Gamble's proposed biomass energy plant at its facilities in Albany, New York, became a step closer to reality after the Albany-Dougherty Payroll Development Authority approved a $250 million bond issue for the project. Valued at $230 million, the planned energy plant will create steam energy to be used by P&G's local facilities, enabling the company to achieve sustainable goals for its manufacturing plants worldwide. Part of the plan involves allowing a local U.S. Marine base to also use the plant for energy, PDA officials said.