WBfeb13pgs_SS_Wood Bioenergy Magazine 1/8/13 3:02 PM Page 12
■ in the news
erations beginning in 2015. Beasley Forest Products LLC, located in Hazlehurst, operates the largest production hardwood sawmill in the U.S., producing more than 90MMBF annually. Land Care Services LLC, based in
Dublin, is a grading and specialty services contractor. Most of the fuel for the new plant will come from north of Appling County, and may include some hardwood waste from Beasley Forest Products.
Enviva Secures Funds For Plant Construction Enviva LP has closed on a $120 million Senior Secured Credit Facility, the company’s first corporate borrowing. “This substantial commitment by the Joint Lead Arrangers and the other financing banks is an important step in right-sizing Enviva’s balance sheet,” says Steve Reeves, the company’s Executive Vice President and Chief Financial Officer. “As one of the first credit underwritings of its kind in the emerging biomass renewable energy sector, we’re delighted by the strong show of confidence from leaders in the banking industry.” The proceeds of the debt offering will be used to complete the construction of two new 500,000 metric ton per year pellet mills, one each in Virginia and North Carolina, and to increase the storage capacity of Enviva’s deep-water port terminal in Chesapeake, Virginia to approximately 100,000 metric tons.
Biomass Is Focus Of Seminars In Indiana Woody Biomass in Indiana was the title of a series of seminars and field tour held September 26-28 in Madison, Ind. The meeting was sponsored by the Dept. of Forestry and Natural Resources, Purdue University, the Indiana Society of American Foresters (ISAF) and the Indiana Chapter of the Wildlife Society (IWS). Indiana and adjacent states are noted for high valued and high quality species such as walnut and white oak and relatively small tracts of timber interspersed within dominate agricultural lands. Therefore the area has not been targeted for biomass production but some opportunities exist and biomass harvesting is occurring. Purdue University is conducting a biomass harvest of 100 acres which was the basis for the field tour and future demonstrations. Both ISAF and IWS held techni-
12
Wood Bioenergy / February 2013
CLICK HERE TO OPT-IN!