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ForesTree Equipment Trader
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Vernon, British Columbia, partnered with Hunt Forest Products to build a sawmill in Urania, La. that began operations in 2018. Similar to the Urania sawmill, Tolko will own a 50% share, as will Hunt, and the mill will be managed and operated by Hunt on a day-to-day basis.
“Our first venture into the United States was in partnership with Hunt Forest Products, a family-owned company like ours, and that has been very successful,” says Brad Thorlakson, Tolko president and CEO. “So we are looking forward to working with the Hunt family again.”
In addition to direct employment at the mill, Louisiana Economic Development estimates the new sawmill will result in 387 indirect jobs.
Louisiana Economic Development began working with Hunt Forest Products and Tolko Industries on a new sawmill in northwest Louisiana in October 2020. To secure the project, the state of Louisiana offered the companies a competitive incentive package that includes the comprehensive services of LED FastStart–a workforce development program. FastStart will work in coordination with Bossier Parish Community College to build and equip the local workforce with the skills required for the new state-of the-art sawmill. The
ReGenerate Purchases Biomass Power Facility
ReGenerate Energy Holdings, LLC , the recently formed joint venture between Ember Infrastructure and ReEnergy Biomass Operations LLC, has completed the acquisition of Albany Green Energy, a biomass heat-and-power facility located in Albany, Ga. from a subsidiary of Exelon Generation Co. LLC.
The Albany Green Energy facility, also known as “AGE,” uses woody biomass from mill residue, forestry waste, recycling and agricultural waste sourced within a 75-mile radius of the facility to provide 50 MW of electricity to Georgia Power, process steam to the nearby Procter & Gamble paper products facility, and process steam that is used to generate electricity for the nearby U.S. Marine Corps Logistics Base. The facility’s 25 employees will join the ReEnergy team.
ReGenerate plans to continue the expansion of its platform across North America to deliver sustainable bioenergy products to utilities, corporations and other partners.
“We particularly look forward to joining the robust bioeconomy in the state of Georgia, where biomass energy is embraced as a key component of the state’s renewable energy portfolio and represents half of its total renewable electricity generation,” says Larry Richardson, CEO of ReEnergy Holdings LLC.
Ember and ReEnergy formed ReGenerate in April 2021. ReEnergy, founded in 2008, is a wholly owned subsidiary of ReEnergy Holdings LLC, which, in addition to the Maine facilities, owns ReEnergy Black River, a 60 MW biomass power facility located on the U.S. Army’s Fort Drum installation near Watertown, NY, and ReSource Waste Services LLC.
Ember, founded in 2018, is a New York-based private equity firm delivering capital solutions to businesses and assets seeking to reduce carbon intensity and enhance resource efficiency.
Power Equip. Expands Footprint in Virginia
Power Equipment Co., headquartered in Knoxville, Tenn., has been named the authorized Komatsu distributor in eight more counties in southwest Virginia. In addition to Washington County and Bristol City, the counties of Lee, Wise, Scott, Dickenson, Buchanan, Russell, Tazewell, and Smyth are now serviced by Power Equipment. The Power Equipment branch in Kingsport, Tenn. will service these counties. Chris Gaylor, President of Power Equipment, says, “We take great pride in our relationship with Komatsu and we are pleased that we get to expand our customer base in southwest Virginia.” Matt McQueen, Regional Sales Manager for the East Tennessee and Southwest Virginia region, agrees. “It is truly exciting to be involved in increasing Power Equipment’s territory in the southwest Virginia region. Power has proven success with Komatsu products and services and I look forward to working with the current customer base as well as grow Komatsu’s presence in this area.” Power Equipment is pleased to have Chad Sluss, Sales Representative, join the company and continue to service this region. Chad has been in southwest Virginia over 15 years selling and supporting the Komatsu brand. Power Equipment Company is a subsidiary of Bramco Inc.
