New wood pellet plant in Canada gathers pace
Canada-based Port Allen, owned by the Port of Greater Baton Rouge, may become the location for a new wood pellet facility.
Biomass Secure Power (BSP), situated in British Columbia, has an option on 90 acres of the Port Allen land up until the end of August.
BSP CEO Jim Carroll says a plant would represent ‘$400 million (€307 million) investment across four phases which could ultimately produce 4 million tonnes of wood pellets a year’.
The first three phases are benchmarked to be completed 18 months from any initial groundbreaking. The port directors have given BSP standard lease terms for the land and wharfage, but any ultimate decision for construction would go before the port commission.