Pellet facility project finds last bit of funding

The Port of Pascagoula has received the last piece of funding it needs for a new wood pellet facility.

The $30 million (€23.2 million) facility will be built along two terminals on the port’s Bayou Casotte after the project received $10 million in bond money after a $196 million bond bill was recently approved.

Port director Mark McAndrews believes construction will begin before the end of 2013 after ‘four or five years of consideration’ as it is hoped the facility can begin shipping wood pellets before 2015.

Logistics will mostly be handled by trucks but McAndrews says trains could come into play if a project to restore continuous rail service alongside the east Mississippi border is realised.