Highland Pellets Expanding To Mississippi
In late October Highland Grenada, LLC, an affiliate of Highland Pellets, LLC, announced the pending purchase of the former Georgia-Pacific OSB mill site to build a new export pellet plant. According to news reports, the new plant will be a “replica” of Highland Pellets’ existing plant in Pine Bluff, Ark. That facility produces 675,000 metric tonnes annually.
The company is also working to build a plant near Stephens, Ark. on a 300 acre site.
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Enviva Takes Huge Stock Price Hit
Enviva’s stock price, which has been falling all year from a high of $51 in January, sank to under a $1 a share on Thursday after a new interim CEO delivered a sobering third-quarter earnings call that raised questions about the company’s viability, blaming unfavorable wood pellet pricing, problems at a plant in Virginia, higher interest expenses and other factors…
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