European demand continues to spur development of wood pellet facilities in the US

European demand for wood pellets continues to spur the development of wood pellet facilities and port expansions across the southeast. By 2015, wood pellet consumption is expected to grow to 17 million tons, and US production is expected to amount to 10 million tons.

Gulf Coast Renewable Energy LLC (GCRE) has announced plans to build two wood pellet plants in Southern Mississippi. The company followed up the announcement of its intention to construct a facility located just outside Lucedale in George County, which is scheduled to open 4Q2014, with a second announcement for a facility in Copiah County. Each facility will ship 320,000 tonnes of wood pellets per year to European utilities via the port in Theordore, Alabama. Total initial investment is a reported $80 million.

Mississippi Governor Phil Bryant is expected to approve Senate Bill 2913 which provides approximately $10 million for the construction of a wood pellet exporting facility at the Port of Pascagoula. When complete, the new facility will have the capacity to export an estimated half million tons of wood pellets each year. It is expected to be complete by early 2015.

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