Minnesota Businessmen Spearhead Arkansas Pellet Plant Project

Economic activity starting in Borderland can’t always be seen, but that doesn’t mean it isn’t happening. A group of Wagner Construction businessmen are playing a large role in a $230 million project taking place more than 1,100 miles away. Representatives of Voyageur Capital LLC, the investment wing of Wagner Construction, along with business partners Tom […]

Economic activity starting in Borderland can’t always be seen, but that doesn’t mean it isn’t happening. A group of Wagner Construction businessmen are playing a large role in a $230 million project taking place more than 1,100 miles away.

Representatives of Voyageur Capital LLC, the investment wing of Wagner Construction, along with business partners Tom Reilley and Pat Bracken, last week hosted a ribbon-cutting ceremony for Highland Pellets, a wood pellet plant located in Pine Bluff, Ark.

“This is a really exciting project,” said Marty Goulet, Wagner Construction chief financial officer. “We’re hoping this plant sets precedence to bring something closer to home in the future.”

The Pine Bluff facility is expected to produce 600,000 metric tons of wood pellets per year for a power plant in Europe. The company will provide 68 full time jobs to the local community and possibly up to 1,000 direct jobs in the transport and forest industries supply chain. The direct and indirect annual economic benefit of the Highland Pellets Pine Bluff facility is estimated at $179 million per year, Goulet said.

“It’s really incredible,” he said. “We are making a real difference in one of the most economically challenged areas in the country.” The construction and now opening of the Pine Bluff facility has generated excitement in the economically challenged south Arkansas city.

From the International Falls Journal: http://www.ifallsjournal.com/news/local/local-businessmen-spearhead-pellet-project/article_e761a36b-5808-50fd-b485-f704a5345e6b.html

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