Construction is due to begin within 90 days on modifications to the former Louisiana Pacific plant in Center for the production of wood pellets that will be shipped to a European energy company.
While the deal is not yet final, the Jackson County Industrial Development Authority approved a document last Thursday evening indicating its willingness to finance bonds and offer its standard tax abatement for the conversion of the old LP plant for Atlantic Wood Pellets, a subsidiary of Enova Energy Group, that is expected to generate 550,000 tons of wood pellets annually. The company intends to invest $110 million to acquire the property, adapt the building and install equipment.
In addition to providing 55-65 “good jobs” in the plant and 300 other indirect jobs, the company is expected to be a major purchaser of natural gas from Commerce.
For the full story, see the August 28 edition of The Commerce News.