Florida Mill To Make Wood Pellets For European Power Plants

A catalyst zone created to lure industry and jobs to rural Suwannee County in return for state and county incentives has landed its second tenant with the announcement that a mill to make wood pellets for European and Asian power plants plans to open next to the new Klausner Lumber One mill. The Cornerstone Biomass […]

A catalyst zone created to lure industry and jobs to rural Suwannee County in return for state and county incentives has landed its second tenant with the announcement that a mill to make wood pellets for European and Asian power plants plans to open next to the new Klausner Lumber One mill.

The Cornerstone Biomass Corporation pellet mill would employ about 70 people in factory jobs when fully operational, according to Frank Stankunas of Gainesville, a partner in the company.

The mill plans to use wood waste from Klausner to make up to 200,000 metric tons of wood pellets per year to sell in Europe, Japan and Korea, where carbon-reduction requirements are driving demand for renewable energy sources, particularly at coal-fired power plants, according to a news release.

Cornerstone is in negotiations to buy 12 acres from Klausner and three acres from Suwannee County, and expects to close on the land in mid-March, according to Henry Fahman, another partner in the company.

Construction should start around May with pellet production starting around the first quarter of 2016, he said. Stankunas said they are still negotiating incentives with the county and state.

From The Gainesville Sun: http://www.gainesville.com/article/20150211/ARTICLES/150219942

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