by Jessica Sabbath
A wood pellets manufacturer announced it will spend $16 million to open a plant in Louisa County, creating 65 new jobs.
Argonaut BioFuels purchased an existing wood chip mill in Louisa and will expand the plant’s capability to manufacture wood pellets for fuel, animal bedding and paper mills.
“It’s a pleasure to welcome Argonaut BioFuels to Virginia and Louisa County,” Kaine said in a statement. “This environmentally-friendly company’s production of renewable resources will help reduce Virginia’s dependence on imported energy.”
The company will move its headquarters to Bumpass and expects to the plant to be operating by July 2008.
“This investment will help establish Virginia as a leader in the biomass-to-energy market with this being the third largest facility in the country under construction,” said Scott Dixon, president and CEO of Argonaut BioFuels, in a statement. “Argonaut is excited about the cooperation it is receiving from the Commonwealth as well as the county of Louisa, not only with this project as a whole, but also the assistance with rail infrastructure improvements and workforce training.”