Follow our blogs on Twitter: .biz blog | Centsible Saver | Tech Junkie | Mouthful | Green Scene | Warm TV

Published Fri, Aug 05, 2011 04:52 AM
Modified Fri, Aug 05, 2011 08:09 AM

2nd wood pellet plant on the way

Article
0 comments

Email Print Order Reprint

Share This

Text

tool goes here

BY JOHN MURAWSKI - STAFF WRITER

A Maryland green energy company plans to build its second facility in North Carolina to manufacture wood pellets as a fuel source.

Enviva will create 62 jobs at its proposed plant in Garysburg, about 90 miles northeast of Raleigh. The company will also invest $60 million in the project.

Enviva stands to receive $2.1 million in state and local incentives. The jobs created will pay an average annual wage of $38,484 - more than $10,000 a year above the Northampton County average.

Most of Enviva's biomass fuel is intended for export to Europe. Enviva also is constructing a wood pellet facility in Ahoskie, about 120 miles east of Raleigh.

Get the biggest news in your email or cellphone as it's happening. Sign up for breaking news alerts.

Email Print Order Reprint

More Local/State

Jobless benefits again on line
Thousands of jobless people in North Carolina again face the prospect that their unemployment benefits will expire at the end of this month as Democrats and Republicans engage in political brinksmanship in Washington over the status of the social safety net.
Fewer jobs now than at end of '99
North Carolina has logged no net job growth in the last 12 years, having fewer jobs at the end of 2011 than it did in December 1999, according to a report released Friday by the Chapel Hill research firm South by North Strategies.
Southpoint to add five new retailers
Soon Chipotle lovers will no longer have to leave the Streets at Southpoint in search of one of the chain's burritos.
$338M awaits N.C. in aid for homeowners
Homeowners in North Carolina who owe more than their homes are worth could get principal reductions on their mortgages as early as next month after states and federal agencies announced a $25 billion settlement with the country's largest mortgage servicers.
Preview with beer tasting tonight
The Ridgewood Wine & Beer Co. doesn't open until Monday in the Ridgewood Shopping Center, but it's holding a preview with a beer tasting tonight and a wine tasting Saturday for those who want an early look.
Syngenta posts big gains for 2011
Agribusiness giant Syngenta posted double-digit gains in revenue and net income for 2011.
Lenovo reports robust third quarter
Chinese PC maker Lenovo continued to defy a sluggish market in its fiscal third quarter, posting a 44 percent gain in sales and a 54 percent jump in profits that blew past analysts' expectations.
Cigarette maker Lorillard 4Q profit grows 20 pct
Cigarette maker Lorillard Inc. said Thursday that its net income grew nearly 20 percent in the fourth quarter as it sold more cigarettes at higher prices.
Feds announce $25 billion foreclosure settlement
North Carolina will receive $338 million in the settlement, more than half of which will go toward principal reduction or other help for struggling homeowners.
State unemployment system under review
The $2.7 billion debt that North Carolina has incurred to pay unemployment benefits in the wake of the recession has led the N.C. Chamber of Commerce to commission a comprehensive study of the state's unemployment system.

Get business updates

Keep up with the latest business stories with our free e-mail newsletter, delivered straight to your inbox!

Subscribe to Business - it's free!

Subscribe to NC Business News - it's free!

Subscribe to Technology/Biotech - it's free!

Print Ads

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Read our full comment policy.

Follow our blogs on Twitter: .biz blog | Centsible Saver | Tech Junkie | Mouthful | Green Scene | Warm TV