Maine Wood Pellet Projects Sputter

After years of delays, tax abatements and the dismantling of the former Great Northern Paper’s Millinocket facility, the proposed Thermogen wood pellet mill on that site remains in the early stages of development, but it is still live. While the company in the past year has remained relatively quiet about the project tied to Great […]

After years of delays, tax abatements and the dismantling of the former Great Northern Paper’s Millinocket facility, the proposed Thermogen wood pellet mill on that site remains in the early stages of development, but it is still live.

While the company in the past year has remained relatively quiet about the project tied to Great Northern Paper’s restart in East Millinocket, a legal battle sheds some light on the project, which its attorneys described this spring as “in a nascent state.”

The company also has let expire its option on 20 acres in Eastport, where it initially proposed a second pellet production facility near the deepwater port.

For delays in Millinocket, Thermogen filed counterclaims against the project’s lead contractor, the New Jersey-based Conti Enterprises. Conti sued Thermogen, GNP West and project manager Cate Street Capital last year and secured a $3.85 million lien on Thermogen’s property.

In its counterclaims, Thermogen alleges delays in the Millinocket project date, in part, to early 2014. At the time, the proposed $70 million project became a $140 million affair, when Thermogen decided to switch its core technology for making wood pellets to export to European markets.

From the Bangor Daily News: http://bangordailynews.com/2016/06/08/business/cate-streets-maine-wood-pellet-projects-sputter/

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