Posted 8/10/2009 03:54 pm
Updated 2 years ago
Phoenix Renewable Energy LLC of Hot Springs and the city of Camden will break ground Thursday on a $110 million wood pellet plant.
The Camden plant, which was first announced in February, is expected to hire about 40 workers and employ 30 truck drivers eventually. The wood pellet jobs are expected to pay around $15 an hour on average.
The groundbreaking will take place at the Port of Camden on the Ouachita River at 10 a.m.
A 44-acre site that formerly belonged to International Paper Co. will be the home of the biomass-fuel power plant and a manufacturing plant that will produce wood pellets. The company will use slash from timber harvesting sites, waste products from mill sites and organic yard and landscape waste from the community to generate steam power to operate the pellet production plant.
Wood pellets are among the fastest growing sources of renewable energy in the world, particularly in Europe, where Phoenix Renewable Energy will be selling most of its pellets for the next five years.
Phoenix Renewable Energy was established in 2008.