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Pellet plant planned for Virginia |
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Wood Fuel Developers, LLC, a
startup company and affiliate of Chester, Virginia-based Industrial
TurnAround Corporation (ITAC), plans to invest $18.7 million to begin
wood pellet manufacturing operations in Greensville County. The project
will create 39 jobs. Virginia successfully competed with Georgia for
the project.
Wood Fuel Developers is a renewable fuels company
that specializes in developing and operating wood fuel and pellet
production plants to serve the residential, industrial and power
generation markets. Its parent company, ITAC, has been in business for
more than 22 years providing engineering, design, and construction
management services in the industrial and manufacturing-related sectors.
"Wood
Fuel Developers chose Greensville County based on the opportunity to
repurpose a large existing fiber basket from pulp production to green
energy production," said Steven Gordon, President, Wood Fuel
Developers. "The transportation infrastructure and port facilities in
Virginia in combination with the available fiber supply make it a sound
location for launching a new wood pellet plant."
The Virginia
Economic Development Partnership worked with the Emporia-Greensville
Industrial Development Corporation to secure the project for Virginia.
Governor Kaine approved a $175,000 grant from the Governor's
Opportunity Fund to assist Greensville County with the project. The
Virginia Tobacco Indemnification and Community Revitalization
Commission approved $175,000 in Tobacco Region Opportunity Funds for
the project. The company is eligible to receive rail funds from the
Virginia Department of Rail and Public Transportation. The Virginia
Department of Business Assistance will provide training assistance
through the Virginia Jobs Investment Program.
www.woodfueldevelopers.com
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