Hawaii SB585 authorizes the issuance of special purpose revenue bonds to fund a biogas production facility by Bana Pacific Inc.

Hawaii SB585 authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $180,000,000 to assist Bana Pacific Inc. in constructing a biogas production facility. This facility will convert local biomass, agricultural byproducts, and organic waste into biogas and renewable natural gas, providing a sustainable and renewable energy source. The project aims to address energy security, waste management, and climate change mitigation by reducing landfill capacity, lowering methane emissions, and supporting local farmers.

Hawaii SB585 authorizes the issuance of special purpose revenue bonds to fund a biogas production facility by Bana Pacific Inc.

Hawaii SB585 authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $180,000,000 to assist Bana Pacific Inc. in constructing a biogas production facility. This facility will convert local biomass, agricultural byproducts, and organic waste into biogas and renewable natural gas, providing a sustainable and renewable energy source. The project aims to address energy security, waste management, and climate change mitigation by reducing landfill capacity, lowering methane emissions, and supporting local farmers.