March 25, 2010
LOST RIVER, WV, March 25, 2010 (RISI) - A groundbreaking ceremony was held this week at the site of Georgia BioMass' 825,000 tons/year wood pellet plant in Waycross, GA. The facility will add a market for 1.65 million green tons/year of wood.
Georgia BioMass is a limited liability corporation of Germany's RWE Innogy as an investor and Sweden's BMC (BioMass Capital Management) serving as developer. Startup of the $160 million plant set for third quarter 2011.
Initially, pellets from the plant will go to a biomass/coal cofiring energy facility using 3.3 million green tons/year of wood in Amer, Netherlands (operated by Essent). In the future, Georgia BioMass' production will fuel similar operations in the Netherlands, Germany, Italy and the UK. Shipments will go through the port of Savannah, GA.
New biomass projects for Georgia top any in the nation, now with six pellet mills in development having a projected wood demand of 5.1 million tons/year and 14 energy facilities needing 8.6 million tons/year.
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