by Web Editor | Aug 18, 2017 | News
Maine’s glut of softwood fiber created by closed paper mills makes the state an ideal location for a factory that can produce insulation board from wood, a Belfast architectural and construction firm says, and it’s trying to find a European manufacturer that shares that vision.
GO Logic, which specializes in energy-efficient buildings, says it’s negotiating with undisclosed companies that make wood-based insulation board in Europe, where the product already is in commercial use. The goal is to have a plant operating here within two years.
Two of GO Logic’s executives also attended an affordable housing conference Aug. 3 and 4 in Philadelphia. One of them, GO Logic co-founder Matt O’Malia, was an invited speaker and discussed the company’s efforts. They also planned to line up commitments from a retailer in the New York City area to carry the product, as well as some contractors and a prefab builder. That’s crucial to attracting financing.
GO Logic also has been in discussions with a Maine lumber company that could be a source of sawmill waste, as well as a family-owned lumber yard with nine stores in Maine’s midcoast.
Taken together, these actions are another example of how businesses are looking at Maine’s abandoned paper mill sites and surplus capacity in wood harvesting to create new opportunities. Other efforts involve biofuels, agriculture and electricity generation.
From the Portland Press Herald: https://www.pressherald.com/2017/08/17/company-works-multiple-angles-to-produce-innovative-insulating-boards-in-maine/
by Web Editor | Jun 20, 2016 | News
The months-long mystery behind which home siding company would be receiving a $66 million subsidy package from the state has finally been made public. Louisiana-Pacific will construct a $440 million plant in Hoyt Lakes. This is the Nashville-based company’s second operation in the state (the other being in Two Harbors).
The Hoyt Lakes site will employ 250 people, amounting to roughly $264,000 in state funding per job created. The Duluth News Tribune notes that many of those employees will be loggers and felled tree transporters, a group of workers that has struggled to find employment following years of board plant closures and layoffs at paper mills in the area.
The new plant will also source its wood products from Minnesota. LP is currently estimating its take to be 800,000 cords per year (one cord equals 128 cubic feet of wood) or about 200 logging trucks each day.
Minnesota lawmakers began developing the public financing package for LP earlier in the year. Senator David Tomassoni, DFL-Chisholm, previously said at least Michigan and Canada were vying for the LP plant as well.
Funding for the project comes from a number of sources. The Minnesota Department of Employment and Economic Development will be kicking in $20 million from its 21st Century Minerals fund, while the Iron Range Resources and Rehabilitation Board will be contributing $16 million from its economic development trust fund. The final $30 million will come from state taxpayers in a 10-part, $3 million per year deal.
From Twin Cities Business: https://tcbmag.com/News/Recent-News/2016/June/Louisiana-Pacific-Is-Mystery-Company-Receiving-$66
