T&D Wood Energy Plans Wood Pellet Mill In Maine

A company that plans to turn sawmill residue into wood pellets for heating fuel to be sold throughout New England is poised to establish itself in Sanford. The owners say they plan a 24/7 operation with as many as 25 employees. T & D Wood Energy, made up of the father-and-son team of Dean and […]

A company that plans to turn sawmill residue into wood pellets for heating fuel to be sold throughout New England is poised to establish itself in Sanford. The owners say they plan a 24/7 operation with as many as 25 employees.

T & D Wood Energy, made up of the father-and-son team of Dean and Tony Wood, got a warm welcome from Sanford City Council on Tuesday. They’re a new company but one with history — they are the fourth and fifth generation of F.E. Wood and Sons in Baldwin, a company that owned a sawmill and pallet mill for 130 years but ceased operations in the early 2000s, said Tony Wood.

He pointed out that sawmills are growing, and with fewer paper mills operating, there is less of a market for the residue. Pellet manufacturing will change that, and be good for both types of business, Wood said. “We’ve been looking for the right place and conditions,” said Wood. “The right place is here in Sanford.”

The company will purchase property from Pleasant River Lumber on New Dam Road for the pellet manufacturing plant. They will contract with Pleasant River Lumber’s Sanford operation for their sawmill residue, as well as purchase from others, Tony Wood told the council.

He estimates the cost of the project at $5.7 million, financed with the help of the Small Business Administration and SIS Bank. “Your bank has done a great job in helping us feel welcome,” Wood told the council. The Woods’ appeared before the council to get their blessing on a Community Development Block Grant application that if approved, would provide the company with $450,000 in working capital to go along with the owners’ personal assets.

From the Journal Tribune: http://www.journaltribune.com/news/2017-05-18/Front_Page/Company_plans_pellet_mill_in_Sanford.html

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