ReEnergy Acquires C&D Processing Facility In Maine

ReEnergy Holdings LLC, which owns and operates facilities that use forest-derived woody biomass and other wood waste residues to produce renewable energy, has acquired KTI Bio Fuels Inc.’s construction and demolition processing facility in Lewiston, Maine. KTI is a subsidiary of Casella Waste Systems. ReEnergy, a portfolio company of Riverstone Holdings LLC, is headquartered in […]

ReEnergy Holdings LLC, which owns and operates facilities that use forest-derived woody biomass and other wood waste residues to produce renewable energy, has acquired KTI Bio Fuels Inc.’s construction and demolition processing facility in Lewiston, Maine. KTI is a subsidiary of Casella Waste Systems. ReEnergy, a portfolio company of Riverstone Holdings LLC, is headquartered in Albany, N.Y.

The newly acquired Maine facility has accepted and processed non-hazardous C&D waste for more than two decades. Through both mechanical and manual sorting, the facility recovers material that can be used as fuel at biomass-to-energy facilities. ReEnergy expects to use its in-house processing experience and technology to recover additional wood from the processing streams, reducing landfilled volumes and increasing wood fuel production.

“We are pleased to complete the acquisition of the KTI facility in Lewiston,” says Larry Richardson, ReEnergy’s CEO. “This acquisition allows us to maximize efficiencies and regional synergies and reflects our strategy to continue building a vertically integrated renewable energy company. The KTI facility will increase ReEnergy’s presence in the C&D processing and recycling market in New England, and will enhance our ability to convert a significant percentage of the recovered wood into high-quality fuel that will be used to generate renewable energy.”

ReEnergy presently operates nine renewable energy generation facilities in Maine, New York, Connecticut and North Carolina, and three construction and demolition material processing facilities that service the eastern New England/Boston metropolitan area marketplace: ReEnergy Gateway/LL&S in Salem, NH; ReEnergy Gateway/ERRCO in Epping, NH; and ReEnergy Roxbury in Boston.

From Construction & Demolition Recycling: http://www.cdrecycler.com/reenergy-construction-demolition-maine-kti-casella.aspx

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