Posts tagged with
Mississippi

Pinnacle Expands With Acquisition Of Alabama Pellet Plant

B.C.-based pellet producer Pinnacle Renewable Holdings is heading to the southern U.S. with the announced acquisition of an Alabama industrial wood pellet plant. Pinnacle recently announced it has entered into a definitive agreement to acquire a 70 percent interest in an operating industrial wood pellet production facility located in Aliceville, currently owned by The Westervelt […]

Colorado Wood Pellet Manufacturer Files For Bankruptcy

A Colorado-based company that says it is the largest wood pellet manufacturer in the western United States has filed for Chapter 11 bankruptcy. Confluence Energy LLC, which is based in Kremmling in Grand County, said in a Tuesday filing that it owes $14.95 million to between 100 and 199 creditors. The company listed assets of […]

Drax Biomass Moving Corporate Headquarters To Louisiana

Drax Biomass, which operates two Louisiana wood pellet manufacturing facilities as well as a shipping operation in the Port of Baton Rouge, will move its corporate headquarters from Atlanta to Monroe. Company President Pete Madden said the move allows Drax “to shift to a more operationally focused business model.” “The relocation will position our headquarters […]

Enviva To Buy South Carolina Wood Pellet Plant, Build Mississippi Port

A company that makes wood pellets and sells them to power plants overseas says it’s forming a new joint venture with an insurance company to buy a plant in South Carolina and build a port in Mississippi. Enviva Holdings of Bethesda, Maryland, recently announced the deal with the John Hancock Life Insurance Co. The joint […]

Drax’s Louisiana Biomass Facility Begins Wood Pellet Production

Drax Biomass Inc. (DBI) began start up production this week at its newest facility, LaSalle BioEnergy in Urania, Louisiana. “This is a very exciting moment, we have a dedicated and motivated work force that after months of upgrades, retrofits, and training is ready to produce,” said Pete Madden, President and CEO of Drax Biomass. “We […]

Mississippi Biofuel Case: $4.5M For Investors Under Federal Settlement

A federal judge has approved a $4.5 million settlement for private shareholders of failed biofuel maker KiOR, and a lawsuit by the state of Mississippi seeking to recover a much larger amount continues. U.S. District Judge Lee Rosenthal issued the order Monday in Houston approving the settlement, intended to partially compensate 23,000 shareholders for money […]

Drax Biomass To Acquire Louisiana Wood Pellet Company

Drax Biomass—the wood pellet manufacturing company that operates two huge white pellet storage domes at the Port of Greater Baton Rouge, as well as two other pellet production facilities in the area—has been selected as the winning bidder for the acquisition of Louisiana Pellets out of bankruptcy. The Urania-based company filed for Chapter 11 in […]

Wood Pellet Production Inching Toward Chesapeake Bay Watershed

A growing industry that’s harvesting woody biomass from forests for energy generation could gain a toehold soon in the Chesapeake Bay watershed. Like virtually every other form of energy, it’s also generating intense debate about its environmental impact. Biomass from trees is already used to generate a small amount of power in the United States; […]

Mississippi KiOR Facility Sold To Georgia Company

The KiOR plant site in Columbus has been purchased. Georgia Renewable Power, a company whose work primarily focuses on coal plants and wood chip mills, purchased the struggling biofuel outfit’s equipment on The Island on Friday. Cal Garland, whose company partnered with Georgia Renewable Power on the purchase, told The Dispatch this morning the plan […]

Plum Creek Finalizes Supply Agreement With Drax

Plum Creek Timber Company, Inc., today announced it has finalized a long-term fiber supply agreement with Drax, a leading power company in the United Kingdom that is transforming itself into a predominantly biomass-fueled power generator. Plum Creek will deliver up to 770,000 tons annually of sustainably-managed wood fiber to two U.S. pellet manufacturing locations during […]

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