Our Katahdin

Partners include PC Construction and SMRT Architects & Engineers, both with specialized experience in aquaculture and water treatment.

One North — the former home of the Great Northern paper mill — is getting new life with a hydropower producer, solar farm and now biofuel.

Touted as an energy breakthrough, the combined heat and power system will use wood waste and “super-critical carbon dioxide” energy conversion turbine technology.

Katahdin Salmon Inc. will be at the site of the former Millinocket Paper Mill, which closed in 2008. The loan will help create up to 80 jobs in Millinocket.

Turning brownfields into assets helps communities promote revitalization. Priorities include former mills and an abandoned solvents manufacturing facility.

California-based Nautilus Data Technologies will build an 84,000-square-foot data center on the former Great Northern Paper mill site, becoming the anchor and first tenant for the innovation and technology campus there.

Legislation approved last year allows Our Katahdin, owner of the former Great Northern Paper site, to partner with Brookfield Renewable to sell energy to potential tenants in a redevelopment plan that aims to lure new forest products innovators, data centers and more.

Recipients in the latest funding round include Our Katahdin, to develop affordable incubator space in downtown Millinocket, and the New England Arab American Organization in Portland.

The federal tax settlement, which took 18 months to reach, frees up a $5.3 million grant to upgrade and install infrastructure at the site, as well as another $3 million in capital.