The fiscal year (FY) 2014-15 cycles are now closed.
CalRecycle’s Greenhouse Gas Reduction Loan Program was established under Public Resources Code sections 42995-42998. The first loan cycle (Cycle 1A), offered loans for only organics projects. The second cycle (Cycle 1B), offered loans for organics, fiber, plastic, and glass projects. The third cycle (Cycle 1C) offered loans for organics, fiber, plastic, and glass projects using the approved FY 2014-15 criteria. These cycles are now closed. See the GHG Loan Program web page for the most current cycle information.
The purpose of this program is to lower overall greenhouse gas emissions by providing loans to expand existing capacity or establish new facilities to process California-generated waste materials into new value-added products.
- Government entities: cities, counties, cities and counties, regional or local sanitation agencies, waste agencies, and joint power authorities.
- Private, for-profit entities. For purposes of this program, a “private, for-profit entity” is defined as a business intended to operate at a profit and return a profit to its owners. This definition includes benefit corporations, as defined in Corporations Code section 14601(a). The business must be qualified to do business in California and in good standing with all applicable California state agencies, including, but not limited to, the Secretary of State and the Franchise Tax Board.
- Nonprofit organizations (except private schools) registered with the federal government under 501(c)3, (c)4, (c)6 or (c)10 of the Internal Revenue Code.
- Organics projects must be located in California and result in permanent, annual, and measurable:
- Reductions in greenhouse gas (GHG) emissions from the handling or landfilling of California-generated organics (green and food materials) or alternate daily cover.
- Increases in quantities (tons) of California-generated organic (green materials, food materials, or alternative daily cover that is composted, digested, or diverted to other fermentation processes).
- Recycled fiber, plastic, and glass projects must be located in California and result in permanent, annual, and measurable:
- Reductions in greenhouse gas (GHG) emissions by manufacturing products with California-generated recycled-content fiber, plastic or glass.
- Increases in quantity (tons) of California-generated recycled fiber, plastic, and glass materials diverted from landfills and used to manufacture products.
For the purposes of this program, a manufactured “product” is defined as a good or package in a form which requires no further processing or forming before it is offered for sale to an end-user. It does not include intermediate products, such as plastic pellets sold as feedstock to a converter for fabrication into a consumer product.
- $2,922,000 is available for fiscal year 2014-15, Cycle 1B.
- The maximum loan amount is $2,000,000 or 75 percent of the total project cost, whichever is less.
- The matching funds requirement is 25 percent of the total project cost.
- A borrower and its related entities may receive more than one loan; however, the total funding provided from the Greenhouse Gas Reduction Revolving Loan Program (also known as the GHG Loan Program) may not exceed $2,000,000. In addition, a borrower and its related entities may not have more than $5,000,000 in total principal outstanding at any one time on loans funded by the Recycling Market Development Zone and GHG Loan programs.
Applications are no longer being accepted for Cycles 1A, 1B, and 1C since all cycles are closed, but if you have questions, email firstname.lastname@example.org.