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
- Source: Bryant has offered Glenn McCullough MDA job
- College Board names Glenn Boyce as higher education chief
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Deepwater Horizon Five Years Later — Restoring the Mississippi coast starts with a strong foundation
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- THE SPIN CYCLE — Key results from Pew’s social media survey