BR Port to consider wood-pellet plant lease - WAOW - Newsline 9, Wausau News, Weather, Sports

BR Port to consider wood-pellet plant lease

BATON ROUGE, La. (AP) -- The Port of Greater Baton Rouge will become the site of a $124 million wood pellet-making plant, whose products will be sold overseas and used as fuel, under a proposed lease agreement.

The Advocate reports the port's executive committee is scheduled to consider the lease Thursday.

William New, the Wisconsin-based chairman and chief executive officer of Point Bio Energy LLC of Baton Rouge, said the plant will employ between 85 and 100 people and generate 500 to 1,000 other related jobs as it taps the area's timber industry for its raw materials and makes use of the port.

In northern Europe, New says the demand for wood pellets is around 8 million tons a year, and that number is expected to double or triple over the next decade.

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