Town signs lease deal with biofuels company
Published: May 5,2013
Tags: alternative fuel, biofuel fuel, economic development, employment, energy, job creation, lease, manufacture, manufacturer, manufacturing, plant, REFINERY, sustainability, town, town government, wood pellet, work, worker
GLOSTER — The town of Gloster has signed a lease with Drax Biomass International for its Amite BioEnergy wood pellet plant.
The Enterprise-Journal reports that the 15-year lease calls for the company to pay the town $8,000 per year for the first 10 years and $9,000 for the next five. There are options to continue the lease at $10,000 per year for the next 10 years and $11,000 per year thereafter.
The board of aldermen this week issued a permit to Haskell Co. of Jacksonville, Fla., to begin site work at the local industrial park.
Drax, a British energy company, plans to invest $80 million in the operation and employ at least 45 people. Wood pellets are burned by European power plants and industries in an attempt to cut carbon dioxide emissions.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Host families prepare for Mississippi Braves’ season
- PHIL HARDWICK: When will Mississippi change its culture?
- Ridgeland property rights tussle is expected to have wide impact
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- Mississippi takes an incentives licking, keeps on ticking
- (VIDEO) ALAN TURNER: Wilson says he’s ready for elected office
- Bill would open hospital meetings, expand records access
- Choctaws' new hospital nearing completion
- Mississippi furniture makers on rebound with more exports