Wednesday, August 20 2014
Company to invest $130 million, create more than 35 direct jobs
Highland Pellets is a privately held company with industry veterans from the wood pellet, finance, and energy markets. Wood pellets are a sustainably sourced feedstock for use by European industrial utilities to lower their carbon footprint and provide sustainable base load power.
“While this plant is the first built under the Highland brand, our colleagues Mike Ferguson and Scott Jacobs bring decades of industry leading experience in the engineering and operating of industrial wood pellet plants,” Highland Pellets Chairman Tom Reilley said. “Together with Highland’s leadership team who are veterans of Cargill, Black River, JP Morgan and EnerNOC, we are excited to complete our Pine Bluff facility and expand our footprint.”
The Arkansas Economic Development Commission and Economic Development Alliance for Jefferson County worked closely with Highland Pellets on this project. Alliance President Lou Ann Nisbett said, “We are elated that Highland Pellets has chosen Pine Bluff for this majornew operation.”
Highland Pellets is working with first-class industry partners, including a leading forestry company, to provide sustainable fiber feedstock and Cooper/Consolidated for the management of the logistics supply chain for export. Groundbreaking is expected to commence in October and deliveries from the plant to begin March 2016.