April 23, 2018
Business Latest News | Poll Questions | Waffle House Hero | Royal Baby | Stoned Pets

$80 million wood pellet plant planned for Baldwin

The Associated Press

BALDWIN, Maine — A Baldwin company plans to build an $80 million wood pellet manufacturing plant that would export most of its products to Europe.

F.E. Wood & Sons hopes to start construction next year at a site off Route 113, next to a state-owned rail line so the pellets could be transported to Portland for export.

The mill would have capacity to make 300,000 tons of pellets a year. About 70 percent of the pellets would be for export.

The plant would employ 17, but other jobs would be created in a 50-mile timber harvesting radius and in Portland Harbor, where the pellets would be loaded on to ships.

Company vice president Anthony Wood tells The Portland Press Herald he hopes to have the mill operating by 2013.

Have feedback? Want to know more? Send us ideas for follow-up stories.

You may also like