Wood pellet makers eye Eastport
Upgrades planned at the Port of Eastport thanks to $4.5 million from the recently approved transportation bond have piqued the interest of two wood pellet producers.
The producers, one local, recently contacted the port to express interest in shipping there, now that the port has the funds to build a bulk conveyor system, according to The Quoddy Tides. The $4.5 million is part of the transportation bond approved by voters in November. Eastport Port Authority Director Chris Gardner said the authority hopes to start construction on the conveyor system next spring and finish by the summer, and may seek a line of credit from a bank to fund the project, since the bond funding won't be issued until next summer.
The port has been looking to diversify its cargo to offset the uncertainty of its primary customer, Domtar Corp., which closed its Baileyville pulp mill in March and then reopened in June. The port was able to secure a handful of wind turbine shipments this summer, and the conveyor system would allow the port to handle bulk shipments of loose cargo like gravel and salt, Gardner told Mainebiz in April.
Go to the article from The Quoddy Tides >>
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