County to borrow $24M for wood pellet terminal at Port of Pascagoula

Jackson County supervisors have voted to borrow $24 million for the Port of Pascagoula’s wood pellet exporting terminal.

The Mississippi Press reports that the board of supervisors acted yesterday after no one showed up for a public hearing.

The terminal will handle wood pellets from a plant that is supposed to be built in George County starting in late 2014. The terminal won’t be built until Florida-based Green Circle Bio Energy starts the $115-million plant. Green Circle use the site to export up to 500,000 tons of pellets per year to European utility companies, Port Director Mark McAndrews has said.

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