PORTLAND — The New York-based owner of four biomass plants in Maine plans to restart its Ashland operation by the end of the year, with a ramp-up that will include hiring 25 people, buying mill and forest byproducts and assessing and re-tuning equipment.
PORTLAND — An investment firm has withdrawn at least $20 million it considered committing to Thermogen Industries, the company created and managed by Cate Street Capital that plans to build a high-tech $140 million wood pellet plant in Millinocket
AUGUSTA — The Finance Authority of Maine’s board voted Thursday to reduce the amount of a bond for Thermogen Industries, an energy startup hoping to begin operations in Millinocket. Thermogen will receive a $16 million bond, instead of the $25 million it requested.
A controversial $25 million bond the state planned to sell on behalf of a startup company that wants to launch a biomass fuel project in Millinocket is up in the air after the company announced a significant change in the project’s scope. A meeting on Thursday will determine if the state will continue its support of the project.
MILLINOCKET, Maine — The developers of a $140 million pellet mill slated for the Katahdin Avenue industrial park gave a preview of its plans to town leaders Thursday and promised to pay the $2.3 million in property taxes its firm owes the town within three months.
PORTLAND — The New Jersey-based investment firm CCG Community Partners has withdrawn its $10 million investment in Thermogen Industries in Millinocket for the same reasons a Maine-based investor pulled $20 million in funding earlier this month.
Years after federal stimulus dollars funded a Maine Forest Service project to heat with local wood products, schools and other facilities report they have slashed energy bills in half while supporting jobs in the state’s struggling timber industry.
When it comes to heating your New Hampshire home or business, a new industry group wants you to forget natural gas and other fossil fuels and switch to a renewable heating source growing abundantly right here in New Hampshire: wood.
AUGUSTA, Maine — The state agency scheduled to re-examine this week a $25 million loan guarantee it approved for a $140 million pellet mil l proposed for Millinocket is reviewing whether the developer’s recent IRS problems should alter the agreement, an official said Monday.