Loan from Common Good Finance boosts completion of Northeast Biodiesel plant in Greenfield

By RICHIE DAVIS For the Gazette - Sep 4, 2015

Long in the planning to ensure it is locally owned, the Northeast Biodiesel plant nearly ready at the Greenfield Industrial Park is getting a final boost from a 160-member, community-based nonprofit finance system.

The $200,000, seven-year loan is provided by Ashfield-based Common Good Finance to Co-op Power, a Hatfield-based energy cooperative that is developing the $4.2 million biodiesel plant. It will cap a six-month campaign to raise the final $850,000 so the plant can begin producing biodiesel fuel from used vegetable oil.