Bonds authorized to finance export facility
The Port of Pascagoula in Mississippi is one step closer to constructing a pellet export facility for the proposed Green Circle Bio Energy Inc. pellet plant. Jackson County supervisors recently authorized a bond issue for up to $24 million to support construction of the export facility.
Construction on the $30 million export facility is expected to start in early 2014, with completion scheduled for next year. The state has committed $10 million to the project and the terminal operators will invest $5 million. Design and engineering details are not yet final.
Once complete, the facility will serve a 500,000-ton-per-year facility under development by Florida-based Green Circle Bio Energy. The $115 million wood pellet manufacturing facility is expected to be built at the George County Industrial Park in Lucedale, Miss., approximately 40 miles north of the port.