RICHMOND – Wood Fuel Developers, LLC, a startup company and affiliate of Chester, Virginia-based Industrial TurnAround Corporation (ITAC), will invest $18.7 million to begin wood pellet manufacturing operations in Greensville County. The project will create 39 jobs. Virginia successfully competed with Georgia for the project.
Wood Fuel Developers, LLC is a renewable fuels company that specializes in developing and operating wood fuel and pellet production plants to serve the residential, industrial and power generation markets. Its parent company, ITAC, has been in business for more than 22 years providing engineering, design, and construction management services in the industrial and manufacturing-related markets.
“Wood Fuel Developers, LLC chose Greensville County based on the opportunity to repurpose a large existing fiber basket from pulp production to green energy production,” said Steven Gordon, President, Wood Fuel Developers. “The transportation infrastructure and port facilities in Virginia in combination with the available fiber supply make it a sound location for launching a new wood pellet plant.”
The Virginia Economic Development Partnership worked with the Emporia-Greensville Industrial Development Corporation to secure the project for Virginia. Governor Kaine approved a $175,000 grant from the Governor’s Opportunity Fund to assist Greensville County with the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $175,000 in Tobacco Region Opportunity Funds for the project. The company is eligible to receive rail funds from the Virginia Department of Rail and Public Transportation. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
Industrial TurnAround Corporation, Phone: 804-414-1100
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