Governor Bobby Jindal, the Baton Rouge Area Chamber, the West Baton Rouge Chamber and the Port of Baton Rouge recently announced that Point Bio Energy LLC plans to locate a new manufacturing facility on port property to manufacture wood pellets for generating electricity.
The new facility will create up to 100 new direct jobs, 273 new indirect jobs and represent more than $100 million in capital investment.
The plant, scheduled to begin construction this summer, according to Point Bio Energy LLC CEO Bill New, will begin delivering product in the fourth quarter of 2011.
The estimated 450,000 metric tons of wood pellets produced annually from the plant will also be an economic boon to Louisiana’s forest products industry, which has been hit hard recently due to the national decline in new housing construction and in the pulp and paper industry.
Wood pellets are an alternative to coal that is more environmentally-friendly. The wood pellet industry has experienced significant growth recently due to a push by European countries to reduce greenhouse gas emissions.