E-Pellets Group Acquires Georgia Mill For Wood Pellet Production

E-Pellets Group LLC bought the Louisiana Pacific OSB mill in Athens, Ga., for $13 million. Waycross, Ga.-based E-Pellets said it plans to convert the mill into a wood pellet production facility, producing about 450,000 metric tons annually. The wood pellets will be exported to the European Union to be used as an alternative to coal […]

E-Pellets Group LLC bought the Louisiana Pacific OSB mill in Athens, Ga., for $13 million. Waycross, Ga.-based E-Pellets said it plans to convert the mill into a wood pellet production facility, producing about 450,000 metric tons annually. The wood pellets will be exported to the European Union to be used as an alternative to coal as fuel in power plants.

A company spokesman said it will cost the company about $150 million to convert the mill into a pellet producing mill. The company has a long-term port agreement with Savannah, Ga.-based Georgia Kaolin Terminal Inc., which provides E-Pellets the capacity to export up to 1.35 million metric tons per year of wood pellets through the Port of Savannah.

E-Pellets previously bought a production facility in Nahunta out of bankruptcy. It produces about 150,00 metric tons annually.

The pellet producer said it is exploring other development opportunities in Georgia and South Carolina. “E-Pellets is going to focus on executing its build-out program, and will evaluate developing other sites under option,” said E-Pellet CEO Doug Albrecht, in a statement.

From the Atlanta Business Chronicle: http://www.bizjournals.com/atlanta/news/2014/07/17/e-pellets-buys-athens-mill-for-13-million.html

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