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Archive for June, 2011

Elevance heads to Natchez, brings 165 new jobs

June 7th, 2011 No comments

Gov. Haley Barbour has just announced in Natchez that Illinois-based Elevance Renewable Sciences has purchased the old Delta BioFuels facility. The company will revamp and expand the 800,00 square-foot building so it can make its specialty chemicals for use in personal care products, detergents, plastics, lubricants and a few other things.

Magnolia Marketplace first reported Friday night that there would be a “major” economic development announcement in Natchez today. For Natchez, 165 new jobs over a five-year, multi-phased rollout would qualify as major. The Natchez and Adams County area has spent the past decade watching its major industries leave town, with probably the most crushing blow coming in 2001 when the International Paper mill shut down.

Here’s the full release from Barbour’s office:

NATCHEZ – Gov. Haley Barbour and executives from Elevance Renewable Sciences Inc., creator of high-performance renewable specialty chemicals for use in personal care products, detergents, plastics and lubricants, announced today the company has acquired the Delta BioFuels facility in Adams County. The company intends to convert the facility to a biorefinery and derivatives operation in a multi-phase project that will involve an investment of more than $225 million and will create 165 full-time jobs over the next five years, in addition to 300 construction jobs.
 
“Elevance’s decision to locate here in Mississippi results in a significant investment in the area and its economy, as well as in the local workforce,” Gov. Barbour said. “Job creation and retention is vital to a healthy economy, and I thank the company for creating these new jobs for southwest Mississippi’s residents. I am delighted to welcome Elevance to Natchez and Adams County.”
 
Elevance plans to expand the existing 800,000-square-foot refinery, which is located in Natchez, in multiple phases over the next five years. The result will be a world-scale biorefinery and derivatives operation.
 
“We are pleased to be coming to southwest Mississippi to build our first North American manufacturing facility. We plan on deploying Elevance’s innovative technology here to bring competitive manufacturing and high-value jobs back to the United States,” said K’Lynne Johnson, chief executive officer of Elevance. “These operations will complement our joint venture with Wilmar International in Asia and expand our global footprint. By building biorefineries in multiple geographies, we are responding to our customers’ demands for innovative environmentally friendly products in a cost-effective and scalable way.”
 
The Mississippi Development Authority worked with company and local officials to help facilitate the project. Through the Mississippi Industry Incentive Financing Revolving Fund, MDA provided assistance for upgrades at the Natchez/Adams County Port, as well as a $25 million loan to the company. Additionally, the county provided assistance for upgrades to the port to support this project.
 
“Today marks a milestone for Natchez and Adams County, and I couldn’t be more pleased that Elevance has chosen to locate its newest operations here,” said MDA Executive Director Leland Speed. “This announcement reinforces the fact that Mississippi has a business climate in place to meet the needs of any company. I thank Elevance for its investment in Natchez, Adams County and the entire state of Mississippi, as well as for its confidence in and commitment to Mississippi’s workers.”
 
Headquartered in Bolingbrook, Ill., Elevance Renewable Sciences Inc. creates valued specialty chemicals from natural oils. Using a Nobel Prize-winning technology called olefin metathesis, the company creates high performance ingredients for use in personal care products, detergents, fuels, lubricants and other specialty chemicals markets. To learn more about Elevance, please visit the company’s website at
www.elevance.com.

“Major” economic development announcement in Natchez Tuesday

June 3rd, 2011 No comments

A source who spoke to Magnolia Marketplace Friday evening on the condition of anonymity said Gov. Haley Barbour will be in Natchez on Tuesday for a “major” economic development announcement at 1 p.m.

The source did not provide dollar figures or job numbers. But according to the Natchez Democrat newspaper, the Adams County Board of Supervisors met with Natchez, Inc. executive director Chandler Russ, Adams County Port director Anthony Hauer and port attorney William McGehee Jr. recently in executive session to discuss an economic development prospect. McGehee told the Natchez Democrat in an article published June 1 that supervisors hoped to make an announcement soon.

“It’s going to be big,” the source said Friday night.

Natchez and Adams County, like other spots along the Mississippi River, have dealt with record flooding the past month. It was unclear Friday night if the new industry had anything to do with the port or operations along the Mississippi River. If the port’s director and its attorney had recently met with supervisors to discuss new industry, there’s a decent chance that it does.

If we get anything new over the weekend, we’ll post it.

Categories: 2011 flood, Economic development, News Tags:

Speed sues Hosemann to keep eminent domain off ballot (Updated)

June 3rd, 2011 No comments

Mississippi Development Authority interim executive director Leland Speed has sued Secretary of State Delbert Hosemann, in an attempt to keep the eminent domain petition off November’s ballot.

If you’ll recall, the petition seeks to prevent the taking of private land for private development. It keeps in place the state’s authority to seize private land for public-use projects, like streets or bridges.

Nearly 120,000 people signed petitions to get the issue on the ballot. Hosemann certified the results last year.

The Mississippi Development Authority and Gov. Haley Barbour were adamantly against the notion of eliminating the state’s authority to use eminent domain for private economic development. Barbour and Gray Swoope, Speed’s successor at MDA, warned that projects like Toyota wouldn’t be in Mississippi if the law were changed.

Following a failure to change the law in the Legislature, a petition drive led by the Mississipi Farm Bureau Federation commenced, and the issue was set for the November ballot, until Thursday afternoon.

A hearing on the matter is scheduled for July 25 in Hinds County Circuit Court.

Pamela Weaver, spokesperson for Hosemann, just told Magnolia Marketplace that he would not comment beyond a statement, in which he said he intended to follow state law and place the initiative on the ballot, unless otherwise ordered by the Mississippi Supreme Court.

We’ve left a message on the cell phone of an MDA spokesperson, which wasn’t immediately returned.

For what it’s worth, Magnolia Marketplace several months ago polled the major contenders in the governor’s race — Phil Bryant, Dave Dennis, Bill Luckett, Johnny Dupree and Hudson Holliday — and they were of one mind: Eminent domain should be employed only for projects of direct public use, and that doesn’t include private economic development. Bryant, Dennis and Holliday each signed the petition to get the initiative on the ballot.

If and when we hear something from the MDA, we’ll post it. Rest assured, though: This is going to be a fight.

UPDATE: MDA spokesperson Melissa Medley just returned our call. She said that agency would have no comment on Speed’s lawsuit since he filed it as an individual, and not in his official capacity as interim executive director of the MDA.

We just got off the phone with Speed’s assistant, who said he was out of town and wouldn’t return until Monday around lunchtime. We’ll try to catch up with him then.