$25 Million Wood Pellet Export Facility Going In At State Port

Posted: Thu 12:50 PM, Sep 26, 2013

WoodFuels, LLC is building the new facility that would receive, store and load the pellets to Europe.

Stay Connected Anywhere

The State Ports Authority has given the green light for a wood pellet export facility to be built at Morehead City.

WoodFuels, LLC is building the $25 million facility that would receive, store and load the pellets to Europe. There they would be used as a renewable energy source.

The Ports Authority says they expect the first shipment next year and predict yearly revenue for the company to range between $1.2 and $2 million. On average, the deal could bring in $840,000 each year in revenue to the port.

Earlier this year, the authority agreed to allow a similar facility at the state port in Wilmington.

Half Dozen Swimming Advisories Issued For Carteret & Pamlico County Locations

Comments are posted from viewers like you and do not always reflect the views of this station.