Bord na Móna abandons plans for €60m wood pellet factory in US

State energy company Bord na Móna has dropped plans to spend €60 million building a wood pellet factory in the US.

The news comes as the company prepares to announce plans designed to safeguard 2,100 jobs in the midlands by supplying fuel to power plants.

Last year, Bord na Móna said it wanted to spend €60 million building a factory in the US state of Georgia that would turn willow trees into pellets to be exported to the Republic as fuel for electricity generators.